Failure by letting agents or landlords to comply with the new rules could result in significant financial penalties
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Great Yarmouth Borough Council have revealed plans for six-monthly checks for thousands of rented homes as its landlord crackdown expands to more wards. The seaside resort is preparing to introduce routine inspections for 5,000 privately rented homes under a major expansion of its selective licensing scheme. The council’s proposals cover Nelson, Central and Northgate, Southtown…
New faces and key appointments Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
Iamproperty has acquired The ValPal Network in a trade deal for an undisclosed sum, as the proptech firm continues to expand its end-to-end technology ecosystem for estate agents. The acquisition adds automated valuation and AI-driven lead generation to Iamproperty’s growing suite of services, which already spans auctions, onboarding, compliance, conveyancing, CRM and marketing tools. The…
Rightmove has reported a 10% increase in revenue, a similar leap in profits plus its best ‘agent retention’ figures for ten years and a 7.3% increase in the average spend by agents. The portal’s latest trading statement says agents, but also new homes developers, are signing up to use its various monthly subscription ‘add-ons’, and…
Details about how the homebuying and selling process will be reformed will be announced this year, the housing minister has confirmed. The comments by the housing minister Matthew Pennycook (main picture) were made in response to a Commons question from the Liberal Democrat MP Pippa Heylings, about the “prevalence of gazundering in the residential property…
Rent takes up around 50% of the average Londoner’s income each month, although strong wage growth means affordability has improved since 2024, according to new research by lettings and estate agent Benham and Reeves. The firm analysed average monthly earnings as a proportion of average rent to understand how much of their income tenants are…
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