Kudos yet again to PayProp UK (and Neil), whose advice is being sought by the Scotland and UK governments on “regulation and its effect on client accounting rules”.
New lettings industry regulations are hitting Scotland in January – among others, mandatory client accounts. Since these have not been available to all agents (because of money laundering regulations), PayProp is being considered as a potential solution in the country.
Since being approached by the Scotland government, PayProp’s input has also been sought by the UK Department for Communities and Local Government (DCLG) in the UK. This is an extremely proud moment for our business in the UK. Thank you, Neil, for the high level of visibility out there!