View more on these topics

Arla offers help to root out buy-to-let rogues

Despite the boom in buy-to-let, landlords and tenants do not know whether they are dealing with a rogue or reputable letting agent, according to the Association of Residential Letting Agents.

Arla says owners and tenants often do not check there are safeguards in place when they approach an agent.

To help tackle this problem, Arla is offering a leaflet, Arla and Your Money, as part of its programme of consumer information.

It has support from Birmingham Midshires, GMAC-RFC, NatWest, Paragon Mortgages and Standard Life Bank. It says the leaflet is for landlords, investor landlords and tenants to show how to handle rents, management floats held by agents for landlords and deposits held for tenants.

Arla warns that these sums of money are often big and must be kept safe from misuse, misappropriation or theft.

Chief executive Adrian Turner says: “It happens frequently that landlords and tenants can end up in the hands of rogue agents and others whose systems of cont-rol and accountability would prohibit them being accepted for member-ship of Arla.

“These agents, which are totally unregulated, often have no experience or qualifications and sometimes they can be downright dishonest.”

Recommended

Smoothed operator

The advantages and disadvantages of with-profits have been discussed thoroughly in recent years although I have often found the debate being diluted by the financial and marketing self-interest of those taking part.There is little doubting the appeal of investment that provides the potential to outperform cash while offering a capital guarantee. This is compounded as […]

Mark Tyndall

Artemis chief executive Mark Tyndall is now heading the hottest fund management company in the UK.Well, that is what some IFAs have said in response to the deal which sees the Edinburgh-based boutique fund manager merge with ABN Amro, taking control of running more than £2bn of funds and keeping a 37 per cent stake […]

Falls rush in

2001 was a poor year for UK equities, which showed a clear downward trend. The events of September 11 resulted in a fall of over 27 per cent before recovery to an overall drop of 13 per cent for the year.UK equity values have now fallen substantially in the last two years, with a drop […]

UBS establishes global optimal fund

UBS Global Asset Management has introduced the global optimal fund as part of its foray into the UK retail market.The fund aims for capital growth by investing globally across 13 sectors and will be benchmarked against the MSCI world index. The portfolio is likely to be tilted towards financials, healthcare and consumer goods and industrials, […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment