Landlord and agent fined £91,000 for unsafe London HMO
A landlord and letting agent have been ordered to pay more than £91,000 after a court found they continued to rent out an unsafe house of multiple occupation (HMO) in…
Landlords face £7,000 fines over compliance failures
A proptech platform has warned that many landlords are unprepared for compliance requirements under the Renters’ Rights Act, with a critical deadline approaching at the end of this month. According…
Former Norfolk agent faces fraud charges totalling £50,000
A former Norfolk estate agent has appeared in court facing 19 charges of fraud by false representation totalling approximately £50,000, according to reports from the Eastern Daily Press. Victoria Steele,…
Propertymark opens voting for board leadership positions
Propertymark has opened voting for key leadership positions, with members able to cast their votes until 18th June. The elections come as agents face increased regulatory and legislative pressure across…
Labour leadership race raises property tax concerns
Proposals from Labour leadership candidates could impact property investment and mortgage rates, according to analysis from Knight Frank, as the contest to replace the party leader intensifies. Andy Burnham has…
Tracker mortgage applications triple amid rate uncertainty
Applications for tracker mortgages increased more than threefold in April compared to March, according to broker L&C Mortgages, as economic uncertainty prompted borrowers to reconsider fixed-rate products that have dominated…
First-time buyer hotspots emerge despite demand decline
First-time buyer demand declined by 4% in April compared to the same month last year, according to data from Rightmove, though several regional markets have bucked the national trend with…
Government announces building safety reforms after Grenfell
The Government has outlined new measures aimed at preventing a repeat of the Grenfell Tower disaster, including reforms to the building control sector and restrictions on engagement with companies implicated…
NRLA and Lettings Industry Council announce merger
The National Residential Landlords Association (NRLA) has announced it will merge with The Lettings Industry Council (TLIC), creating a unified body to represent landlords and letting agents across England and…
Bridging finance facilitates lease extension on St John’s Wood flat
A property investor has secured £1,462,500 in bridging finance from SDKA to purchase a three-bedroom apartment in St John’s Wood, using the loan term to pursue a Section 42 lease…