John Lewis pullout highlights tax issues with build-to-rent
The decision from retailer John Lewis not to invest in build-to-rent should be seen as a sign that the government should relax taxation rules across the sector. That is according…
Eviction costs set to reach £3,000 under Renters’ Rights Act
Landlords in England face eviction costs of approximately £3,000 once the Renters’ Rights Act comes into force in May, according to property industry experts. Greg Tsuman, managing director at Martyn…
UK government clarifies digital ID use for AML compliance
Estate agents and other regulated businesses in the UK can now use certified digital identity services to satisfy anti-money laundering (AML) identity verification requirements, following updated government guidance published this…
Criterion Capital faces eviction claims at London estate
Criterion Capital has been accused of issuing eviction notices to residents at Britannia Point in Colliers Wood, south-west London, ahead of the implementation of the Renters’ Rights Act, which will…
Political instability weighs on London property transactions
Political uncertainty following last week’s by-election is expected to dampen activity in the UK’s high-value property markets, according to analysis from Knight Frank. The by-election result, which saw Labour finish…
Estate agents urged to reduce reliance on property portals
Estate agents are being encouraged to develop alternative marketing strategies to reduce dependence on property portals, following comparisons drawn between the UK property sector’s reliance on Rightmove and Netflix’s historic…
English and Welsh councils hold £9bn in unspent funds
Local authorities in England and Wales are holding more than £9bn in developer contributions intended for infrastructure including schools, public transport, and affordable housing, according to research by the Home…
UK rental market slows as properties take longer to let
Properties across the UK are taking longer to let as affordability pressures impact the rental market, according to new data from HomeLet and Zoopla. Average UK rents stood at £1,301…
Building societies now account for 35% of first-time buyer lending
Chancellor Rachel Reeves met with senior leaders from 13 building societies in Leeds on Friday to discuss measures aimed at assisting first-time buyers entering the property market. The meeting, which…
InterBay completes £10.8m commercial remortgage deal
InterBay, part of OSB Group, has completed a £10.8m owner-occupier remortgage covering four commercial properties in London and Kent, arranged through broker Synergy Commercial Finance. The transaction refinanced warehouse storage…