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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LATEST: Solicitors report vendor fraud as ‘key money laundering’ activity during 2020
Report to Solicitors Regulation Authority board says suspicious activity worth £200m was reported to NCA last year, much of it involving vendor fraud.
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Minimum energy rating increase for rental sector ‘will lead to housing shortage’
Government move has not been thought through, says The Lettings Industry Council, as industry body calls for phased approach.
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Get ready for an evictions ‘avalanche’ after May 31st, warns expert
Paul Shamplina of Landlord Action says courts will struggle to clear backlog of 20,000 old cases and new ones when ban ends.
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‘Unfair’ redress system for dual fee disputes must be reformed, says agent
London agency Brian Cox is unhappy after being told to return an £8,000 fee even though competitor could not prove it had passed on offer.
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Letting agents warned to brace for upheaval when eviction bans ends
NRLA says many of the 840,000 tenants behind with their rent have little hope of catching up unless government intervenes with financial help.
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Exclusive: Land Registry to work with industry to speed up property sales
Source tells The Negotiator that Land Registry wants to encourage greater innovation within conveyancing and help agents and their clients.
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Financial watchdog encourages estate agency staff to ‘turn whistleblower’
FCA has launched whistleblowing campaign aimed at regulated companies including many estate agencies who sell mortgages.
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Purplebricks reported for two ‘misleading’ competitor comparison ads
Hybrid agency removes claims that it sold properties faster and for a higher average price than its top competitors.
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Tax Day: Government commits to significant business rates reform
The Government's 'tax day' announcements have been dubbed a 'damp squib' but do include plans to overhaul business rates.
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Tenant fees debate kicks off again over ‘unfair’ referencing charges
Students claim letting agencies who charge £25 to provide references for landlords are taking advantage of a 'loophole'.
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