Medway Council is pressing ahead with its plans for tighter controls on houses in multiple occupation (HMOs), after its consultation process receiving only four responses. Naushabah Khan, Labour MP, Gillingham and Rainham The figures, published ahead of a cabinet decision next week, are from feedback gathered when the authority introduced an Article 4 Direction covering…
Once Section 21 is removed, landlords will need to rely on Section 8 grounds, which are generally more complex and more likely to require a court hearing Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
Tenants are spending almost a third of annual income on rent, new research has revealed. The findings by Lomond suggested that tenants typically spend a total of 32.7% of their annual salary on keeping a roof over their head. The average monthly rent has increased 4.3% year-on-year and currently stands at £1,369. It comes at…
Almost 45,000 UK properties worth an estimated £190bn are owned through offshore structures where the true beneficial owner cannot be identified, creating a significant AML compliance risk for estate agents, according to Tax Policy Associates. Its findings come from analysis of offshore-owned property listed on the Register of Overseas Entities at Companies House. In around…
The Property Ombudsman (TPO) has clarified what will happen to the regulation of estate agents once the Government implements its plan to reform the property sales sector, following the consultation due to finish at the end of the year. TPO says its existing Codes of Conduct, which are used when it adjudicates complaints by members…
The UK property market is already showing impressive stability and resilience – raising the question as to whether it needs a policy boost that many are calling for, argues Marc von Grundherr (pictured), Director of London estate agency Benham and Reeves. The agency analysed the latest data on mortgage approvals, sales transactions, house prices and…
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