In the final episode of the Move iQ Podcast’s sixth series, Phil Spencer is back talking to our CEO Nathan Emerson about what the Government is proposing for the future of the housing market such as the abolition of section21 and deposit passports. Nathan also gives an update on the different initiatives that we’re involved with and how we’re driving change for the greater good of the sector.
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Why watch?
What regulation means for the industry and the devolved governments of the UK
What’s been outlined in the recent government white paper for housing
A report, commissioned by the NIHE (Northern Ireland Housing Executive) and supported by the Chartered Institute of Housing (CIH) on letting agent regulation and fees, focuses on developing a new regulatory framework, and spotlights mandatory registration, a fit and proper person test, minimum qualifications, a code of practice and strict enforcement.
Housing Minister Matthew Pennycook MP candidly admitted that the current Act contains flaws requiring further legislative action and has unveiled a series of consultations and measures. He has also committed to strengthening the regulation of managing agents, including as a minimum, mandatory professional qualifications.
With all eyes on the Renters’ Rights Bill, discussion around the regulation of property agents (RoPA) has taken a back seat. However, responding to a question in Parliament, Housing Minister Matthew Pennycook MP stated that reforming the sector included raising professional standards amongst agents to protect consumers and defend the reputation of good agents from the actions of rogue operatives.
Giving evidence to the first session of the Renters’ Rights Bill Committee on 22 October 2024, our Head of Policy and Campaigns, Timothy Douglas, demonstrated the value of engagement from our 18,000 members and raised several key areas where amendments should be made to ensure the Bill is fit for purpose. We will continue to share members’ insights and concerns about the legislation and advocate for balanced measures that protect renters while supporting landlords in offering safe, high-quality homes.