Give Britain’s young homebuyers state loans for deposits, urges report
Young people struggling to buy their first home should be offered loans by the government to help them pay the deposit, according to a new report.
Rightmove warned by City analyst that it must not squeeze agents too hard (PIE)
Rightmove has been warned not to squeeze agents too hard.
Foxtons’ profits turn into losses as sales revenue plunges (PIE)
Foxtons this morning reported pre-tax losses of £2.5m in the first half of this year, after sales revenue plunged £17.2m – down 23%.
Will proposed reforms on leasehold go far enough? MPs seek views in new inquiry (EAT)
A new inquiry has been launched into leasehold flats and houses by the Housing, Communities and Local Government Committee.Do existing proposals go far enough in the way of reform?
Agents in breach of AML will have to pay the penalty – plus a new penalty admin charge (EAT)
Estate agents in breach of anti-money laundering requirements now face not only being fined but having to pay a ‘penalty administration charge’.
Why court decided that sellers did not have to pay commission to first agent (PIE)
The dismissal of an estate agent’s claim for a fee by a county court judge came after a very different decision by the Property Ombudsman. TPO yesterday evening said there […]
Government consults on EPCs – how accurate are they and do they improve energy efficiency? (PIE)
The Government wants to hear from sales and letting agents, and is in particular looking at the quality of EPCs; their availability; and whether they encourage action to improve energy […]
Cybercrime and dubious investment schemes all on the rise
Criminals are increasingly targeting law firms as a means to steal tens of millions from businesses and the wider public.
More agents will be victims of Britain’s ‘death of the high street’, prediction (PIE)
Almost 2,500 estate and letting agency firms have gone bust in the last five years.
Conveyancers face statutory duty to check identities (LF)
Conveyancers would come under a new statutory duty to check the identity of clients and make indemnity payments to the Land Registry if they failed to take reasonable care, under […]
Careless conveyancers could be liable for title fraud (LSG)
HM Land Registry could recover millions of pounds from conveyancers who fail to take reasonable steps to verify their clients’ identities under Law Commission recommendations to reform the Land Registration […]
Making conveyancing quicker and better – that’s the promise… (EAT)
The Law Commission has unveiled proposals that it claims could stop property fraudsters in their tracks and improve conveyancing at the same time.