Fresh on the back of the demise of Home Information Packs (HIPs), new regulations proposed under Labour affecting landlords and letting agents have been scrapped.

The proposals were designed to deal with rogue operators in the lettings industry, but to many observers would have been unnecessary ‘red tape’ at a high cost to both the taxpayer and ultimately tenants. The letting agency industry also has existing, well-established and effective voluntary codes of practice.

The New Housing Minister, Grant Shapps, summarised that: “With the vast majority of England’s three million private tenants happy with the service they receive, I am satisfied that the current system strikes the right balance between the rights and responsibilities of tenants and landlords.”

Letting agents who follow industry best practice guidelines will welcome less bureaucracy in a challenging economic environment, whilst continuing to provide a high level of service to both their landlord and tenant clients.

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