Kent letting agent fined £15,000 for client money breach
A Kent-based letting agency has paid a £15,000 civil penalty after operating without required client money protection, highlighting ongoing enforcement of regulations designed to safeguard landlord and tenant funds. Homelet…
£2.95m bridging loan funds Liverpool apartment development
District & County Investments has provided a £2.95m net bridging facility to support a brownfield regeneration project in Liverpool city centre, which will deliver more than 150 apartments upon completion.…
Proptech firm launches service to speed property sales
Proptech company iamproperty has introduced a new service designed to accelerate property transactions by preparing documentation earlier in the sales process, ahead of anticipated government reforms to homebuying procedures. The…
Estate agents shift focus to buyers as market rebalances
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Government proposes First Time Buyer ISA to replace Lifetime ISA
The government has published consultation proposals to replace the Lifetime ISA with a new First Time Buyer ISA, removing the retirement savings component and withdrawal penalties that have attracted criticism…
Student HMO landlords sell 2,000 beds amid regulatory shift
Landlords have disposed of at least 2,000 student HMO beds across Britain over the past year, responding to the Renters’ Rights Act and increased regulatory requirements, according to data from…
Strutt & Parker creates role for prime city markets
Strutt & Parker has created a new senior position focused on prime residential markets in England’s cathedral and university cities, appointing Louise Glanville as its first Head of National Town…
Manchester overtakes London as top buy-to-let location
Manchester has surpassed London as the most sought-after location for buy-to-let investors, according to new data from The Property Buying Company. Analysis of 295 investors’ preferences shows that 23% are…
First-time developer secures £895,000 Bromley loan
Avamore Capital has provided an £895,000 development loan for a two-home ground-up construction project in Bromley, marking the borrower’s first development of this type. The 15-month facility was structured at…
New committee launched to support agents with technology
The UK PropTech Association (UKPA) has established a Residential PropTech Committee to provide estate and letting agents with guidance on technology adoption and compliance management. The committee brings together agents,…