Wardhaugh welcomes new industry regulation

New guidelines are coming in to play to improve the letting industry.
New guidelines are coming in to play to improve the letting industry.

An Angus-based letting business has welcomed new regulations for the sector which come into force in less than a year and hopes to be amongst the first in Scotland to be fully compliant.

Amanda Wiewiorka, Director of Wardhaugh Property, which has offices in Arbroath and Forfar, made the comment as the details of the regulations were finalised last week.

The new rules, including a statutory code of conduct and training requirement will be mandatory for letting agents and relevant staff in the sector by January 2018.

In addition to signing up to a Letting Agency Code of Practice, letting agents will be required to be listed on a public register, whilst key individuals will also be required to meet a new, tough, minimum level of training.

Landlord Accreditation Scotland (LAS) and the Chartered Institute of Housing (CIH) Scotland have developed a new professional development programme called LETWELL designed specifically with the new requirements in mind.

Mrs Wiewiorka, who is also Chair of the Policy Group for the Council of Letting Agents (CLA), the largest representative body for the sector, says that whilst some involved in the sector have signed up to the necessary training already, many seem to be unaware of the impending deadlines or the impact the changes will have on their business.

Amanda Wiewiorka, Managing Director of Wardhaugh Property said: “Wardhaugh Property strongly welcomes the new regulation for letting agents which will help professionalise our sector and drive rogue players out of our market, ensuring a higher level of service for customers.”

“I have already completed the LETWELL training, with more booked to do so soon. We hope this will make us one of the first letting businesses in Scotland to be fully compliant with the new rules. We want our customers, whether that’s landlords or tenants to know that when they are working with Wardhaugh Property, they are receiving the best service in the country.”