Insurance News Archive
Property sector 'works to protect consumers and buy to let insurance holders'
The property sector has shown its willingness to offer more protection for customers and buy to let insurance policyholders, two leading organisations have stressed.
Welcoming the Royal Institution of Chartered Surveyors' (Rics) report on Transparency in Professional Fees, the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (Arla) said that representatives had worked hard to ensure practices were open to scrutiny.
They said that Rics was right in setting out an agenda to challenge the wider perception that property transactions are carried out under a cloak of secrecy.
Arla highlighted the launch of its licensing scheme for letting agents and both organisations stressed that their members have to abide by a code of practice.
"We expect the government's proposals for the regulation of lettings and management agents to further augment our work in this area," said Peter Bolton King, chief executive of the NAEA and Arla.
Alan Ward, chairman of the Residential Landlords Association, recently said that renting from buy to let insurance policyholders is becoming an inevitability for many people.
25 Feb 2010
