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Consumer Protection from Unfair Trading Regulations (CPRS)

  • 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".

See also

Published: 24 September 2015 Last Updated: 26 November 2021