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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Excluding property developers from AML is unfair to estate agents, it is claimed
Leading tech platform says loophole in Estate Agency Act 1979 must be closed so that all property sales in the UK are covered by AML regulations.
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Welsh fees ban differs to England’s legislation in two major ways, guidance shows
Welsh agents are bracing themselves as ban looms on September 1st but won't face a cap on security deposits and that default fees will cover a wider range of charges, unlike in England.
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Land Registry hires 1,000 staff to reduce shocking six-month delays for leaseholders
Ongoing problems are beginning to seriously impact the housing market as leaseholders wait for months to update leases prior to putting properties on the market.
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Average cost of evicting rogue tenants reaches eye-watering £31k
Claim by leading letting agency Benham & Reeves includes lost rent, refit costs and legal fees.
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Six agencies expelled from The Property Ombudsman
Gerry Fitzjohn, TPO Chairman, warns that expelled agents can be banned from carrying out agency business.
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Dangers of giving ‘advice’ on stamp duty revealed in £30,000 mortgage case
Couple who were told they would not be liable for the extra 3% stamp duty on second homes during mortgage application win compensation from broker.
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Crime agency freezes £3.2 million property assets of woman linked to organised crime
Unnamed individual is said to have links to organised crime including the smuggling of cigarettes and must now explain how she paid for six properties in London and Northern Ireland.
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Stop sneaking out updates to the How to Rent guide, leading lawyer tells ministry
Giles Peaker of Anthony Gold claims even minor changes could present problems in court when evicting a tenant.
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Letting agent apologises after mistakenly trying to charge tenant illegal fees
Cautionary tale shows how careful agents must now be when issuing documents to ensure old charges aren't included in tenancy agreements.
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Two tenants successfully refuse to pay contract renewal fee to letting agent
CJ Hole agrees to let them renew their contract without paying a £90 renewal fee even though the company still has the legal right to do so.
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