Latest News

Selling Tenanted Property

21 February 2020

A significant period of political uncertainty, along with changes in landlord’s taxation and legislation, has contributed to landlords selling and exiting the Private Rented Sector. However, that reduction can’t all be attributed to political and taxation changes, many landlords decide to sell to release equity. Read More...

Northern Ireland house prices end the decade showing continuous growth

19 February 2020

The Northern Ireland Statistics and Research Agency have released their findings for the Northern Ireland House Price Index for the period between October and December 2019 and show the positive figures from previous quarters have continued throughout the year. Read More...

Scotland house prices end the year over 2 per cent higher

19 February 2020

The most recent report from the Registers of Scotland has revealed the average house price for a property in Scotland during December 2019 was £151,603, an annual price increase of 2.2 per cent. Read More...

£16 million to go to survivors of domestic violence

17 February 2020

Housing Secretary Robert Jenrick confirmed that 75 councils across England will benefit from funding to help boost their domestic abuse refuge services. Read More...

TPO warns agents and leaseholders win repair cost cases

Wednesday 08 January 2020

Agents who fail to disclose tenure terms are in breach of Consumer Protection from Unfair Trading Regulations (CPRs) The Property Ombudsman has warned.

The warning follows the National Leasehold Campaign (NLC) complained to Rightmove that users cannot search for properties on the portal by tenure – freehold, commonhold, or leasehold – and called for portals to do more to ensure leasehold details are transparent.

Calls for mandatory disclosure online

Many agents already include this information on written property details. Rightmove offers agents the option to add the information to listings, but the NLC has called for this information to be made mandatory.

 

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'TPO has always maintained that agents must disclose the tenure of a property. Those that fail to do so are in breach of the CPRs as well as the Codes of Practice.

As such, it is already mandatory. We would support the campaign for property portals to ensure that the information is available and accurate.' - Katrine Sporle, The Property Ombudsman

 

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'Anything material that would affect a purchaser’s decision needs to be disclosed at the earliest opportunity under CPR.

The National Trading Standards Estate and Letting Agency Team considers tenure of a property to be material and this is reinforced by the Government’s attitude and actions in terms of leasehold properties.'

Lauren Scott

Mark Hayward
NAEA Propertymark Chief Executive

 

Victory for leaseholders in sprinkler battle

In London, Wandsworth Council has lost its bid to make leaseholders in high-rise blocks pay for retrofitting sprinklers. Water sprinklers would have been installed in all homes which are 30m or higher in the 100 blocks the council runs.

The council had attempted to use leaseholders' service charges to recover some of the £24m cost of the works. More than 2,600 leaseholders were to receive bills of at least £4000 for the installation, which was estimated to cost £24m in total.

Five residents’ associations lodged objections, and the council was forced to take the case to a First-tier Property Tribunal in July 2018, with the ruling finally being made just over one year later.  

PROPERYMARK LOBBYING

Propertymark continues to lobby and campaign on leasehold, working in the best interests of those affected by leasehold issues.

Leasehold