Housing Minister Heather Wheeler announces plans to raise standards across the property agent sector.
Almost a year on from Grenfell, we are still discovering the consequences of the Cameron government’s attitude to regulation
A clampdown on gazumping and other tactics that cause misery to housebuyers and sellers is being drawn up by the government as part of a renewed attempt to reduce the stress of buying a home.
The Royal Institution of Chartered Surveyors, the leading trade body for the industry, has announced radical changes to its code of conduct, which are designed to toughen up standards among British member surveyors.
The changes will take effect from April 1, and suggest that the organisation is concerned about unscrupulous member firms. Membership to Rics is widely seen as a badge of excellence in the industry.
The City watchdog has kicked-off a long-awaited in-depth review of Britain’s mortgage market in a move that could herald a shake-up of the industry to improve competition for borrowers.
The Financial Conduct Authority is to investigate whether prospective home-buyers are given the best advice and tools, such as price comparison websites (PCWs), best buy tables, and mortgage calculators, to “make effective decisions”.
The Government is poised to introduce tough new laws for landlords this week – with fines of up to £30,000 for those who break the rules.
Housing minister Brandon Lewis told The Sun newspaper that the Government will announce a package of measures to drive out rogue property owners and agents.
George Osborne has responded to Bank request that will allow it to restrict size of landlords’ mortgages in order to maintain financial stability
The Bank of England has again expressed concern about the UK's buy-to-let property market.
The Bank's governor, Mark Carney, said he was concerned about high levels of lending to landlords and that the Bank would take action.
The Basel Committee - an international forum which sets standards for bank regulations in individual countries - says financial institutions should place greater emphasis on buy to let borrowers’ ability to repay mortgages.
The estate agency regulator has said it is considering its options after a High Court judgement ruled against it.
London estate agents Christian and Angie Littlewood, who both have criminal records for insider dealing, were told last December that the regulator proposed banning them from the industry.
The pair were unhappy that they could only make representations to an investigator at the National Trading Standards Estate Agency Team and not to the adjudicator making the final decision.
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