Lords back letting agent regulation

The amendment to regulate letting agents under the  Estate Agents Act has just been voted through the House of Lords with a five vote majority.

If it gets passed in the House of Commons, it would force all letting agents to join an ombudsman scheme. However this is not looking likely, with the Government continuing to oppose the amendment in fear that additional regulation of the Private Rented Sector could suppress supply.

Read more in the Financial Times

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