Why it's more important than ever to use an Agent

In the EHS data released a year ago (and it’s the most recent survey to ask these questions) 49 per cent of landlords said they did not use an agent; around 46 per cent regularly used an agent. The remaining five per cent used an agent on an ad hoc basis.

But did you know that not using an agent is a false economy ?

Here are the reasons why.

A Blizzard of Regulation

Back in the summer of 2021 the National Residential Landlords Association estimated that over the previous decade there had been a 40 per cent rise in the number of laws applying to the private rental sector, taking the total up to 168 different pieces of legislation.

On top of that there are local regulations exercised though councils.

The PropTech firm Kamma, which monitors council activities, says 52 landlord licensing schemes and consultations were launched in 2022. This is five more than the previous year, and almost 10 more than in 2020, highlighting what Kamma calls “the growing trend of yet more regulation targeting the Private Rented Sector”. And the fines handed out to rogue landlords and letting agents averaged £90,000 per month in 2022.