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Posted by Emily Swanson

Enhanced levels of regulation are needed in the British property rental market to ensure tenants are properly protected.

That is according to Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, who believes the current trend whereby the country's buy-to-let housing sector is rapidly expanding in the wake of the recession means there are doubts surrounding how people are treated.

Last week (December 8th), the Resolution Foundation published a report claiming that some tenants are being "let down" by the industry due to a lack of regulation and general transparency in terms of charges.

And Mr Harrison believes this means the "professional and ethical" rules being followed by lettings agencies may not be honest enough in the wake of the recession.

"If they don't have regulation, then there is a temptation on behalf of some agents to think that clients' money is their money. That is where things start to go wrong," he noted.

12/12/2011 11:48