Government announces new requirements for estate agents

April 23rd, 2018

The Secretary of State for Housing, Communities and Local Government has announced new measures, intended to crack down on so-called ‘rogue’ estate agents. Sajid Javid detailed the proposals, which included a requirement for estate agents to hold a professional qualification, as part of plans to professionalise the estate agent market. The Government is looking to … Continue reading “Government announces new requirements for estate agents”

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Business rates set to rise for West End properties

April 23rd, 2018

Businesses plying their trade in London’s West End are bracing themselves for an eye-watering rise in business rates. Restaurants, shops and hotels are all set to see increases in the amount of tax they pay on their properties, as the rises soar higher than the inflation rate. The average increase in business rates will be … Continue reading “Business rates set to rise for West End properties”

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Leasehold reforms “don’t go far enough”

April 23rd, 2018

Reforms to tackle ‘underhand’ practices within the leasehold market have not gone far enough. That’s the claim of campaigners looking to see sharp practices eliminated for good. The decision to buy a home is a life changing one, and once all the stress and paperwork that revolves around deposits, mortgages and moving in, is out … Continue reading “Leasehold reforms “don’t go far enough””

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Ruling given in key property case

February 21st, 2018

A long-running legal wrangle over leasehold costs has been settled in favour of one of London’s major freeholders. The dispute had arisen in relation to a small flat in the Chelsea area, where the lease had fallen below 23 years and the freeholder concerned was seeking a sum of £420,000 in order for an extension … Continue reading “Ruling given in key property case”

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Blockchain, Bitcoin and how technology could transform property transactions

February 21st, 2018

An inauspicious flat in Kiev recently had the distinction of becoming the first property anywhere in the world to be sold using blockchain. The Eastern European property, which changed hands for $60,000, was bought by Michael Arrington, the businessman who previously established the TechCrunch website. For the uninitiated, blockchain is a form of digital ledger … Continue reading “Blockchain, Bitcoin and how technology could transform property transactions”

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Scheme will give a head start to London’s homebuyers

February 21st, 2018

Sadiq Khan this month announced a flagship initiative which will mean that lower-cost new-build properties will initially be made available exclusively to Londoners and UK-based buyers The Mayor has recently held talks with the capital’s leading housebuilders about possible options to free up properties for those who have struggled to find a home in the … Continue reading “Scheme will give a head start to London’s homebuyers”

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Did Barclays ‘sacrifice’ trader to avoid further regulatory scrutiny?

February 5th, 2018

Major bank embroiled in legal battle with ex-senior trader. Barclays Plc dismissed David Fotheringhame more than two years ago, prompting him to launch tribunal proceedings for unfair dismissal. Mr Fotheringhame was fired from his post after a multi-million dollar settlement was agreed between Barclays and the New York Department of Financial Services following allegations that … Continue reading “Did Barclays ‘sacrifice’ trader to avoid further regulatory scrutiny?”

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Job applicant stunned by inappropriate recruitment quiz

February 5th, 2018

A salient reminder that businesses should steer clear of personal questions. Employers are advised to review their approach to recruitment after one jobseeker raised concerns about a personality test that she branded “highly inappropriate”. Dr Angela Stienne, a researcher at the University of Leicester, was asked to complete a  personality quiz which included a question … Continue reading “Job applicant stunned by inappropriate recruitment quiz”

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Controversy could trigger a review of NDAs

February 5th, 2018

Spokesman for the PM says she will consider current rules. Downing Street has signalled that Theresa May could approve a review of non-disclosure agreements (NDAs), following concerns about their current use. Questions have been raised about whether the agreements – properly used in many lines of business – are also being used to “gag” victims … Continue reading “Controversy could trigger a review of NDAs”

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Stamp Duty announcement centrepiece of Budget speech

December 12th, 2017

Chancellor Philip Hammond used his Autumn Budget to announce that Stamp Duty would be abolished for all properties of up to £300,000 being bought by first-time buyers. The policy, which took immediate effect, was the flagship announcement from last month’s financial statement. Treasury officials claim that the change will save more than three quarters of … Continue reading “Stamp Duty announcement centrepiece of Budget speech”

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