Estate agents tell of fraudulent tenants targeting luxury rental homes in London, while Benham & Reeves has flagged a 117% "surge in fake applications" in the wake of the recently-enacted Tenant Fee Act…
"Consumers want more information", says National Trading Standards's Estate and Letting Agency team, as it launches a survey to find out what property agents think should be essential on all portal listings.
The EU's Fifth Money Laundering Directive is slated to come into play in January, requiring UK letting agents dealing in rents above €10k per month to carry out AML checks on their clients.