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Kristjan Byfield
Kristjan Byfield
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my expertise in the industry

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Kristjan Byfield

From: Kristjan Byfield 23 May 2017 13:47 PM

Kristjan Byfield
The only way this would be feasible is if the government licensed our sector (agents and landlords) and ring-fenced those funds for rigorous enforcement (there is no way they will massively re-structure the regulations otherwise). However, since successive goverments have made clear for 20+ years, they have no interest in licensing our industry. Whilst onerous, the vast majority of the legislation isnt that complex and letting agents can easily wrap their head around it with suitable training. For Landlords, however, especially those with 1-2 properties, this is not a 9-5 for them and the time commitment to understage the legislation and ensure compliance is simply not viable- or even possible. The simpelst way forward in this regard is the application of tech. A comprehensive regulatory compliance engine is what is needed to power the back-end of a myriad of applications which can be used by agents, landlords, tenants and enforcement bodies (as well as suppliers to all these sectors) making compliance easy and eliminating a lot of the burden of training. This, in turn, will drive up standards and the perception of our sector. It will also show private Landlords the true value of professional letting agents in today's heavily regulated marketplace and should push a sizeable percentage in to service offerings of one shape or another. I recognised this a while back and we have begun building just such a platform which we have called The Depositary. The platform is, by no means, complete as the amount of legislation to build in (and the varying measures for countries & counties) will take time however we have made a good start and plan to launch our first release in the coming weeks/months. We are looking to work with @ 20 agent branches over this Summer to make sure the platform delivers as we hope and, if all goes well, will start rolling out across England from Oct/Nov. From there we will be constantly developing and growing the platform as we add in further regulations both for England but also to deliver compliance platforms across Wales, Scotland and Northern Ireland. It's certainly not the sexiest topic but we are really excited about what we have been working on. We have worked hard to look at it from all 3 viewpoints (agents, landlords and tenants) and think we have built something that's effective and efficient.

From: Kristjan Byfield 10 May 2017 09:49 AM

Kristjan Byfield

From: Kristjan Byfield 15 February 2017 13:21 PM

Kristjan Byfield

From: Kristjan Byfield 22 December 2016 13:51 PM

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