Property News

Extract from new Property Agent regulation report

Unscrupulous ‘quick sale’ estate agents leave homeowners stranded

The government has been called on to instigate the reforms to estate agency that were detailed in a report by the Regulation of Property Agents ...
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Energy companies overcharging household customers

The energy regulator Ofgem has forced the UK's largest independent energy supplier, Ovo Energy, to pay £8.9 million to a voluntary redress scheme to help ...
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43% rise in empty private homes in Wales

In May 2019, the Ministry of Housing, Communities and Local Government (MHCLG) said the number of empty homes in England in October 2018 was 634,453, ...
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New-build homes falling down before they can catch fire

Home owners in Kent fear their new home is unsafe after they were awoken in the middle of the night with a ‘massive crash’ as ...
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Gove makes £870,000 at taxpayers’ expense as MPs handed £42 million gift

A 'property bonanza' of second homes sales has given 160 MPs a windfall of £42 million, paid for in part by taxpayers. Until the expenses ...
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English Housing Survey

The latest national English Housing Survey 2017/18 headline report has been published. This is the first release of data from the annual survey that will ...
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Countrywide fined over money laundering failures

Estate agent Countrywide has received a £215,000 fine from HMRC for failing to ensure that policies, controls and procedures regarding money laundering are upheld within ...
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Basildon Council sells £1 million land for £1 – we’ll offer £2 (stc)!

Basildon Borough Council is planning to sell a five acre parcel of vacant land for £1 to a 26-year old property developer who plans to ...
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To Let estate agent boards banned in Lincoln

Estate agents' 'To Let' boards could be banned from some areas of Lincoln, after the government gave the City Council permission to prohibit them. Complaints ...
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Government scheme lets housebuilder triple profits in six years

Negative publicity has dogged the highly profitable Help to Buy market, and the housing minister, James Brokenshire, is reviewing the continued inclusion of new build ...
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Doctors owe £422m of unpaid property payments

NHS Property Services, which manages around 10% of the National Health Service’s estate, was set up less than six years ago, to run NHS properties ...
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Barry homebuyers move in despite enforcement action

Planning permission was originally granted at South Quay Parkside, Barry Waterfront, on condition that no properties would be occupied until a range of District Centre ...
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Is ‘down valuation’ myth – or fact?

The Royal Institution of Chartered Surveyors has responded to industry reports that ‘down valuations’ are making it difficult for buyers to obtain a mortgage. Estate ...
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Can’t afford to switch to a cheaper deal? Help on the way for (some) ‘mortgage prisoners’

The Financial Conduct Authority (FCA) estimates there to be around 30,000 ‘mortgage prisoners’ in the UK, and a further 120,000 home buyers tied to a ...
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First recorded rise in home ownership in 13 years

New official data released by the Ministry of Housing, Communities and Local Government show that 62.6% of the 23.9 million homes in England are now ...
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Landlords accuse retailers of abusing CVA system

Company Voluntary Arrangements (CVAs) are being abused, according to the British Property Federation (BPF), as House of Fraser has become the latest retailer to restructure ...
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400,000 homes deemed ‘virtually unmarketable’ by estate agents

The number of registered sex offenders has risen by over a third in England and Wales over the last five years with more than 40,000 ...
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Estate Agents still walking through the minefield that is advertising standards

The advertising rules regulator, Committee of Advertising Practice (CAP) has criticised the industry for ‘repeat problems’ in advertising.  It has called for immediate action and ...
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Legal and General Enter Retirement Property Market

The FTSE 100 company, Legal and General, has entered the retirement property market in a direct and quick way by buying the Inspired Villages Group ...
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First time buyer struggles to get on the housing market

While recent changes in Stamp Duty Land Tax will benefit the first time buyer, making lower-priced property more affordable, the tax will further increase government revenue on more ...
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