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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Huge shake-up of leasehold proposed by Law Commission
After years of debate and deliberations statutory body that works on legal improvements says system needs total overhaul.
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Here it is! First draft of industry-wide Code of Practice revealed
Steering committee behind new RoPA-inspired code says agents now have two months to comment before it starts setting the code in stone.
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Land Registry pays out £5.3 million in fraud and error compensation
Figures are published within its annual report for 2019/2020 during which official figures show rising levels of property and mortgage fraud.
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Camden gains even wider powers to ban ‘eyesore’ estate agency boards
Council can now ban estate agency boards in all conservation areas and town centres until 2030, and has also applied for borough-wide powers too.
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‘Developer’ who duped estate agents into helping him take millions from investors faces jail
Sanjiv Varma took £50,000 each from hundreds of investors for a student accommodation development at a site he did not own or have planning permission for.
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‘Sales and rent-back’ scandal firms thrown out of TPO in March
Two companies facing High Court proceeding and freezing orders were reported by TPO to Trading Standards at the start of lockdown, The Neg can reveal.
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Letting agents now face prosecution over ‘No DSS’ policies and adverts
Warning is made by housing charity Shelter following landmark case it helped mount at York County Court.
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Chancellor Rishi Sunak’s stamp duty cut could just push up house prices, warns IFS
Institute for Fiscal Studies warns the blanket increase in threshold to £500,000 could mean first-time buyers lose out.
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Landlords with student property portfolios set for fall as universities go online
‘Armchair’ landlords with student property portfolios face double whammy as universities go online and tenancy law changes.
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Chancellor confirms immediate stamp duty holiday – raising threshold to £500,000
Budget announcement means 79% of those living in the capital will avoid paying any tax on moving home.
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