New draft legislation launched to expose true owners of UK property bought by foreign entities (PIE)
Foreign companies owning UK properties will have to reveal their ultimate owners on the world’s first public register, after a new draft law was laid yesterday.
Big surge in down-valuations as ‘surveyors predict housing market crash’ (PIE)
There has been a ‘significant’ rise in down-valuations which are now running at the highest rate since the crash in 2008.
Criminals who launder money though UK property could face 5 years in prison (TC)
The Government has announced that foreign companies that own UK properties will have to reveal their ultimate owners on the world’s first public register.
Bid to reduce “low-quality” money laundering reports (LF)
High numbers of low-quality suspicious activity reports (SARs) are making it difficult to investigate money laundering, the Law Commission has warned.
Japanese Knotweed remains problem for sellers despite recent ‘all clear’ (EAT)
Japanese Knotweed remains a major problem for a property sale – and that’s despite a recent study suggesting that the growth is relatively harmless.
Why we must all get behind Countrywide’s recovery plan (PIE)
Countrywide’s long-term recovery plan, set to be revealed with its interim results on Thursday, should be eagerly awaited by estate agents across the country.
Referral fees – why a ban won’t make services cheaper (EAT)
Any belief that services would automatically be cheaper without agent referral fees is a false one for several reasons.
Agents’ fees cartel : investigation blows the lid on how it was planned (EAT)
An investigation by the Royal Institution of Chartered Surveyors has blown the lid on the infamous fee-fixing cartel scandal involving estate agents at Burnham on Sea in Somerset.
Is this why transactions have slumped? Equity Release hits a new high… (EAT)
Only 24 hours after the Land registry released data showing a 20 per cent slump in housing transactions, new figures from the Equity Release Council throw some light on why […]
125,000 buyers to benefit from Land Registry’s early digitisation (EAT)
HM Land Registry calculates that 125,000 buyers will benefit from just the first phase of its digitisation programme for Local Land Charges.
Government to introduce mandatory five-year electrical safety checks for rental homes (PIE)
The Government has backed introducing a mandatory requirement on landlords with properties in England to ensure that electrical installations in their property are inspected every five years.
Welsh Government to tackle current leasehold system (TC)
The Welsh Government has created an expert taskforce to find ways to improve the leasehold system in Wales.