Lesley Horton, The Property Ombudsman Three property businesses have been expelled from The Property Ombudsman after failing to pay more than £1,000 of owed redress. The redress scheme took action after its independent Finance, Performance and Compliance Committee reviewed the cases and agreed the businesses should be excluded for failing to comply with Ombudsman decisions. The latest…
A landlord has been fined £28,500 after the mother of a newborn baby and child with disabilities were found to be living in a property blighted with damp and mould, no heating or hot water, and electrical issues. Durham County Council had ordered the owner of the property Kristoffer Jon Dalziel, 34 and sole director…
More than two out of five homes for sale in England have already had their asking price cut. Around 165,647 of the 403,962 properties on the market have been reduced according to eXP UK. It equates to some 41% of the market. It is 5,786 more than in August, an increase of 3.6% in the…
Councillors in Leeds have given the go ahead to a significant expansion of the city’s selective licensing scheme, which for hundreds of estate agencies there will mean extra red tape to deal with on behalf of landlords. It will also come at considerable cost – the five-year scheme is pricey by national standards at between…
The number of homes undergoing an asking price reduction has jumped by 10.8% year on year, as sellers are forced to adjust expectations to secure a buyer, suggests House Buyer Bureau, which analysed TwentyCI data. The analysis also shows fall-throughs have increased by 4.5%, underlining how fragile the sales process remains even once a buyer…
Many vendors expect a response from their estate agent within an hour of making contact, a study by Zoopla has revealed, with a quarter believing anything over 60 minutes is too long for an agent to get back to them. And two thirds want a reply from the agent within four hours, while “quick, proactive…
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