ARLA unveils Scottish letting initiatives

Published on

The Association of Residential Letting Agents (ARLA) has stated that the regulatory landscape for letting agents in Scotland will see significant changes over the coming years with the introduction of a Letting Agent Code of Practice and Client Money Protection (CMP), membership of a redress scheme and professional qualifications all due to come in force in 2018.

ARLA says it is working closely with the Scottish government to ensure that the regulation measures are effective, workable and practical. The final details of the qualification requirements are yet to be finalised by the Scottish Minister, however ARLA expects that the most senior person in an agency with operation control over the lettings business will need to be qualified, as will one member of staff in each branch and the minimum level of training required is likely to be a SQCF credit-rated Level 6 Qualification.

In order to assist agents in gaining the necessary qualifications and with compliance requirements, ARLA has launched a series of promotional packages which can be seen here.

ARLA has also launched a new legal helpline to assist members in Scotland with the ever changing legislative landscape, particularly with the overhaul of tenancy law coming into force through the Private Housing (Tenancies) (Scotland) Act 2016.

Nik Madan, ARLA president, said: “We’re pleased that Scotland is moving towards sensible regulation in the sector, and have set out robust minimum training requirements to ensure a professional industry. To support members and non-members in Scotland, we have acted to create promotional packages that provide a simple and cost-effective route to becoming compliant with both the training and regulatory requirements.

“By improving our services and launching the new legal helpline we will provide Scottish members with support they need to tackle the ever- changing lettings industry.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Energy-efficient homes ‘may carry higher climate risks’

Some of the UK’s more energy-efficient homes could face greater long-term exposure to flooding...

New towns plan may help supply but risks falling short, says former RICS chair

The government’s announcement of seven proposed new towns has been broadly welcomed as a...

Buy-to-let mortgage rates rise as landlords face fresh cost pressures

Buy-to-let mortgage rates have risen sharply this month, while landlords are also facing further...

Virgin Money to take mortgage application systems offline for five days

Virgin money has announced that its Virgin Money and Clydesdale online application platforms will...

Parental support for adult children is reshaping retirement plans

Three in five parents with children aged over 18 are providing financial support, with...

Latest publication

Other news

Energy-efficient homes ‘may carry higher climate risks’

Some of the UK’s more energy-efficient homes could face greater long-term exposure to flooding...

Mutual strength and the broker partnership

The mutual sector has always been associated with community purpose, local branches and a...

New towns plan may help supply but risks falling short, says former RICS chair

The government’s announcement of seven proposed new towns has been broadly welcomed as a...