Comings & Goings

A suspended prison sentence has been handed to a landlord who bombarded her tenant with threatening messages. A court heard the tirade was an attempt to force the tenant out of the property in the Staffordshire market town of Stone. There were abusive messages, threats that the bailiffs were coming and that the rent was…

Inflation remained unchanged at 3.8% during September, defying City expectations of a rise to 4% and raising hopes that interest rate cuts could come sooner than anticipated. The Office for National Statistics reports annual food price inflation eased to 4.5% from 5.1% in August, offsetting rises in petrol and air fares, which pushed transport costs…

Property industry leaders have reacted with “alarm” to news that the Government is considering a rent freeze. Reports suggested Chancellor Rachel Reeves is looking at a freeze within the private rented sector for a limited period as higher prices caused by the Iran war mean ministers are worried about cost of living pressures. U-turn The…

Recent days have been some of the most turbulent in the UK mortgage market since the aftermath of the September 2022 mini-Budget Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe

Croydon Council is consulting on plans to introduce selective licensing across 14 wards that would require thousands of private landlords and their letting agents to obtain licences for properties. A third of the borough’s housing stock is privately rented, which is significantly higher than the 19% national average and it is expected to continue rising….

PIC COURTESY BROMLEY TRADING STANDARDS Many letting agents are risking fines of up to £5,000 by failing to meet Client Money Protection (CMP) regulations, it has emerged. Random checks on 200 agency websites found that 62% were not displaying CMP certificates despite it being a legal requirement. Compliance standards Compliancy platform The Letting Partnership (TLP),…