Consumer Protection from Unfair Trading Regulations (CPRS)

Name: Leydon Lettings
Address: 49-50 Castle Street, Canterbury, Kent, CT1 2PY, GB
Telephone: 01227 713913
Price range: ££

Consumer protection from Unfair Trading Regulations 2008
Letting agents must describe properties accurately and not mislead tenants with a mis-description or misleading information. E.g. an Estate agent selling a property failing to inform a landlord buyer that Article 4 Directions restricted letting to HMO tenants would constitute a mis-descritption and failure to disclose relevant information.
Similarly "Ideal investment property" in an area restricted by Article 4 Directions would be a mis-description if planning permission was not implied or granted.
Creative reasoning is not acceptable - e.g. an agent reasoning in defence of such misstatement, that the property will increase in value, is disingenuous and misleading and need not even be true e.g. in a falling market.
In order to increase in value the owner is likely to need to let it meantime in order to pay the mortgage.
In any event an investment property yields both revenue and capital gains. Both should be achievable to qualify for the description, "Ideal investment property".

Tenants fees