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Latest property news
Vendors realised £103,000 on property sales last year says Hamptons
Despite falling prices more than nine out of 10 sellers still sold their home for more than they paid netting themselves just over £100,000.
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BLOG: ‘Bold action needed in Private Rented Sector’
Goodlord’s William Reeve says that the lettings industry is already in the eye of the storm and policy makers have to stop kicking the can down the road.
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Prime housing market ‘not immune to weak economy’
Knight Frank’s Tom Bill says some form of UK-wide support for the housing market would be welcome given the negative events suppressing demand.
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HMRC targets property firms in new Covid fraud crackdown
New figures reveal a 36% jump in raids by HMRC hunting cash lost in Covid support schemes.
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Higher mortgage rates slow Covid-induced London exodus
Londoners accounted for 7.7% of all buyers outside the Capital during the first half of this year, outpacing the 2015-2019 average of 6.9%, although slightly below the 7.9% recorded in both 2021 and 2022.
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London letting agent hit with 11-year ban
Agency boss Laszlo Szabo repeatedly abused Government Bounce Back Loan scheme for amounts totalling £100,000.
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Property developer banned for 11 years over Covid loan fraud
Anthony Killarney from Brentwood was given a ban for falsely claiming a £50,000 loan he was not entitled to.
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Politics of envy scuppers Scottish PRS
GUEST BLOG: The Cost of Living (Protection of Tenants) (Scotland) Bill will impose a freeze on rent increases and a moratorium on evictions.
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Champagne corks fly at Beresfords’ annual bash and awards
The 50-year-old Essex-based family-run agency rewards its staff with a huge summer party and awards ceremony for outstanding staff achievements.
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Covid strikes again as conveyancing law firm hits buffers
Covid continues to count its conveyancing scalps with another law firm hitting the buffers after it couldn’t keep up to complete cases. Now hundreds of jobs could be at risk after HMRC issued a winding-up petition against Linder Myers Solicitors. The 100-year-old firm has offices in Manchester, Chester, Lytham, York and Shrewsbury, and is one of 14 legal brands operated by Metamorph Group. WINDING-UP Three of those brands – Linder Myers, Gosport-based Donnelly and Elliott Solicitors, and SLC Solicitors in Telford – form MLL Ltd, which has been issued with a winding-up petition. The Neg contacted Linder Myers for comment. Previously, a spokesperson for the group had told TheBusinessDesk.com that it was ‘working hard in collaboration with HMRC to resolve any outstanding matters’. A search on Companies House confirms that accounts for MLL are currently four months overdue. ACCOUNTS Its most recent accounts filed report a £2.1 million loss for the 18 months to June 2020. However a note on the account shows this was partly due to a restructure that saw the amalgamation of businesses Donnelly and Elliot Solicitors, SLC Solicitors and Linder Myers Solicitors. During that period the company employed more than 300 people and had assets of…
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