Fact sheet: Landlord Registration Scheme Regulations (Northern Ireland) 2014

Two separate investigations in Camden and Mansfield involving unlicensed Houses of Multiple Occupation (HMOs) led to sanctions for landlords and agents. West Northamptonshire is the latest council to announce a crackdown on unregulated and poorly managed properties.

On 1 April 2019, the Houses in Multiple Occupation Act (Northern Ireland) 2016 comes into force and landlords must have a valid licence for each HMO they own.

Letting agents routinely use pooled client accounts (PCAs) to manage money for multiple landlords and tenants. These accounts are not only common, they’re also essential to agency operations. However, from a regulatory standpoint, they raise a key question; should banks perform due diligence on the letting agent (as the account holder), or on every individual landlord and tenant whose money passes through the account? Propertymark Industry Supplier, The Letting Partnership, examines the problem with PCAs, and how upcoming regulatory changes could improve the system.

Plans for the Shaping Sustainable Places programme propose £165 million investment over 10 years to regenerate villages, towns and cities across Northern Ireland, driving long-term growth and prosperity. Propertymark warns that new homes alone cannot support a growing economy and urges ministers to adopt an infrastructure-first approach so that new developments are supported by schools, healthcare, transport and community facilities. Without this, homes risk standing empty.