NAEA Propertymark calls for regulation of agents
The NAEA Propertymark has called on the next government to regulate lettings and estate agents.
The trade body is urging whichever party wins the general election to push forward with the recommendations of Lord Best and the Regulation of Property Agents Working Group.
The Propertymark says that regulation would professionalise the sector by putting in place a code of practice, licensing and qualifications.
It also wants the government to give tenants, agents and regulators access to the database of rogue landlords and property agents, rather than just local authorities.
Propertymark wants the next government to go further on leasehold reform to make sure developers remove onerous contract clauses so that properties can be more easily sold and mortgaged.
It is calling for a stamp duty exemption for downsizers and a housebuilding programme to deliver specialist properties for older people.
Propertymark wants the next government to bring in a digital logbook for properties bought and sold to reduce the number of failed transactions and speed up the buying process.
It is also concerned that seven million homes are excluded from flood insurance under the Flood Re levy and pool system that replaced the statement of principles between government and insurers.
Propertymark wants the government to extend the scheme to all leasehold and private rented properties.
On top of this it is calling for the 3 per cent stamp duty surcharge on additional homes to be scrapped and for a review of landlord taxes.