Propertymark is advocating for agents to proactively prepare for impending regulation within the property sector. They emphasize the importance of adhering to a code of practice, obtaining minimum qualifications, and securing licensing for estate agents throughout the...
News
Amendments expected to the RRB
The government in England is planning to revise its Renters (Reform) Bill to address concerns from landlords while still aiming to provide security for tenants. Critics argue that these changes will favor landlords, while ministers are responding to criticism from...
House Price Data
According to Nationwide, house prices rose by 1.6% in March year-on-year, the fastest increase since December 2022. However, this was below analysts’ expectations, and the month-on-month figure saw property prices decline by 0.2% swinging from a gain of 0.7% in...
Cornwall property market starts to cool
The property market in Cornwall, which experienced a significant boom during the pandemic, has now started to cool down, with houses and flats selling for less compared to last year and taking longer to sell. According to estate agents Hamptons, the average property...
Council tax to double for 80 per cent of second homes
The Telegraph is reporting on the proposal to implement a proposal to double council tax rates for second homes in England, set to commence next year, is poised to impact a significant portion of second home owners across the country. Under the new rules introduced by...
A south coast council to clampdown on HMOs
Eastbourne council is preparing to take action against Houses in Multiple Occupation (HMOs) following a report that raised concerns about issues such as bins, parking, and anti-social behavior associated with these properties. While acknowledging the important role...
Tax Man does a U turn
HM Revenue and Customs (HMRC) has swiftly reversed its decision to close its self-assessment telephone helpline for six months after facing backlash from taxpayers and lawmakers. The closure was initially announced, directing taxpayers to online services instead, but...
Landlords could be banned from raising rent under radical SNP crackdown
The Telegraph has run an article stating that the Scottish Government, led by Humza Yousaf's SNP-Green coalition, has put forward ambitious legislative proposals aimed at implementing long-term market controls in the rental sector. These proposals include potentially...
Gove having big problems with his Leasehold Bill
Michael Gove's promises to reform the leasehold system appear to be facing significant challenges, with criticisms mounting from various quarters, including within his own party. In a recent House of Lords debate, Gove faced accusations of "shoddy politics" and...
Government takes action against large landlord regarding cladding issues
Michael Gove, the UK government minister, has initiated legal action to compel the landlord of a Canary Wharf apartment complex to contribute £20.5 million towards building safety works. This move comes as part of the government's intensified efforts to hold building...
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Cut in base rate
Rate cut squeaks through in super-tight decision The Bank of England has cut the base rate from 5.25% to 5% The Bank...
RICS Welcomes Deputy Prime Minister Angela Rayner’s Planning Reforms
The Royal Institution of Chartered Surveyors (RICS) has expressed strong support for Deputy Prime Minister Angela...
Who will be the next Chairperson for the Housing, Communities and Local Government Committee?
Election of New Chairperson for the Housing, Communities and Local Government Committee Overview The UK Parliament has...