Regulation & Law
News articles looking at national legislation and local regulation and the application of law to the residential property industry.
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Three major mortgage firms to offer loans for cladded flats
Virgin Money, TSB and Skipton join six others in agreeing to release mortgages on flats with building safety issues.
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BLOG: Student money mules are on the rise and agents should be scared
SmartSearch Chief Guy Harrison says money mule recruiters may try to befriend students, who often think they’re doing a favour for a friend.
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Fraudster couple sentenced over Covid loan for property firm
The men from Liverpool secured a £30K bounce back loan before immediately dissolving their business.
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Letting agents ‘to face more regulation in the Spring’
Announcement is made by CMA, which says new guidance and also enforcement are in the pipeline as the regulatory looks into the PRS.
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Letting agents warned over looming electrical checks ‘bottleneck’
Fixflo says millions of rented properties will be coming up for EICR renewal in 2025 and 2026 and that agents should complete checks now instead.
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New material info rules mean conveyancers ‘must be on board earlier’
Comment is made by industry figure Robert May, who is keen to help the property industry more collaborative when meeting the challenge of Trading Standards' new rules.
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Estate agency faces being struck off letting register
Belvoir Perth was found to have breached Scotland's Letting Agent Code of Practice four times and Ministers are now considering whether to strike the firm off.
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Midlands letting agent and landlord given three-year ban
Polish landlord Grzegorz Surminski is banned from letting property or engaging in letting agency or property management work.
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Surveyor and letting agency expelled from The Property Ombudsman
Ombudsman Rebecca Marsh says despite the latest transgressions the number of agents being referred to the Compliance Committee is on the wane.
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Tech mistrust exposing third of regulated firms to money laundering
SmartSearch’s Fraser Mitchell says more than a third of people ‘can’t trust’ electronic ID verification and rely on manual checks instead.
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