Property News
Latest news, advice, and insights for UK property professionals
Kent Letting Agency Pays £15,000 Penalty for Client Money Protection Breach
Homelet PMS Ltd in Kent was ordered to pay a £15,000 penalty after failing to join a Client Money Protection scheme, following an investigation by Medway Council.
Key Leadership Changes at Knight Frank, Cluttons, and TDS Announced
Knight Frank and Cluttons have created new senior roles in their lettings and residential divisions, while TDS has announced a change in chief executive.
Accountants Warn of Misconceptions Ahead of Making Tax Digital Deadline
Accountants warn of widespread misconceptions as the first Making Tax Digital for Income Tax quarterly deadline approaches on 7th August. Landlords and letting agents must keep digital records and submit quarterly updates.
Estate Agent Ordered to Pay Compensation for Failing to Disclose Competing Buyer
The Property Ombudsman has ordered an estate agent to pay £790 compensation after failing to inform buyers of a competing purchaser, highlighting the need for transparency in property sales.
Buyers Remain Cautious Despite Steady Housing Stock Levels
Industry data shows UK housing supply remains steady, but buyers are hesitant and transactions are progressing slowly due to affordability and uncertainty.
Knight Frank Appoints Mike Knowles as Head of Lettings Business Development
Knight Frank has appointed Mike Knowles to the new board-level role of Head of Lettings Business Development, unifying several lettings functions under one structure.
Scottish Landlords Face Up to Year-Long Waits for Repossession Orders
Legal experts warn Scottish landlords are waiting up to a year for property repossession through the housing tribunal, with delays impacting rental supply and landlord finances.
Devonshire Homes Enters Administration, Two Developments Affected
Devonshire Homes has entered administration, with joint administrators appointed. The move affects two live developments but does not impact other Devonshire-branded projects.
Landlord Fines Raised to £7,000 Amid Questions Over Council Enforcement
Local authorities can now fine landlords up to £7,000 for failing to address serious hazards, but concerns remain over councils' ability to collect penalties.
Knight Frank Begins Redundancy Consultation Amid Revenue Growth
Knight Frank has started a redundancy consultation affecting less than 3% of its UK workforce, despite reporting a 6.3% rise in annual revenues.
Kent Letting Agent Fined £15,000 for Client Money Protection Breach
Homelet PMS Ltd in Kent was fined £15,000 by Medway Council for operating without required client money protection, following a routine inspection and enforcement action.
Shelter: Many UK Workers Anxious Over Housing Costs
Shelter and HSBC UK report that 40% of workers lose sleep and 53% feel anxious about housing costs.