Comings & Goings

The Government’s proposed Leasehold and Commonhold Reform Bill is set to make commonhold the default tenure for new flats. The aim is to replace a tenure long criticised with one that gives flat owners genuine control. Yet while commonhold sounds attractive, in practice it raises issues that could slow transactions, deter lenders and unsettle values….

Some lenders have already paused or reconsidered planned rate reductions, it has been revealed. The move comes in response to the repercussions of the military conflict in Iran and the wider middle east, according to Moneyfacts. It explained that so-called swap rates – which are used to help set mortgage rates – hit a 30-day…

Winkworth has become embroiled in a controversy about the use of AI to enhance property photographs. A report in The Times describes a case of a couple who viewed a home in Tooting, south London, that was markedly different from how it appeared in the images. Removed Winkworth has since removed the pictures, including one…

Some agents consider the guidance barking mad Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Clients increasingly charged for AML measures, according to research Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

A survey of estate agents commissioned by EXP UK has revealed some surprising attitudes within the industry about when and how they take holidays. Over three-quarters of those polled were planning to take annual leave of some sort, with just 24% of respondents saying they had no plans to do so. The majority of agents,…