Letting agents with properties in Scotland have under two weeks to submit their applications to join the mandatory Scottish Letting Agent Register.
To start, or resume, an application, visit: https://lettingagentregistration.gov.scot/
The online application form now allows letting agents without a suitable client bank account and Client Money Protection insurance to submit an application to join the Scottish Letting Agent Register.
Agents in the process of meeting the client money requirements of the new Letting Agent Code of Practice will be able to submit an application to join the Register by the October 1 deadline.
However, applicants must have a suitable client bank account and insurance in place before they will be admitted to the Register.
Further information for agents in this position is on the Scottish Government’s website at: https://beta.gov.scot/publications/scottish-letting-agent-registration-client-bank-account-update/
The Scottish Government has been working with UK Finance, individual banks and industry stakeholders to seek to increase the availability of suitable accounts.
Clydesdale Bank has confirmed that its Professional Firms Client Account facility is now available to Scottish letting agents seeking to open a pooled client account to comply with the requirements of the Letting Agent Code of Practice.
Agents interested should contact the bank directly on 0800 032 3971.
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