Latest property news
Rent shake-up on the horizon for commercial landlords
Upward-only rent reviews will be outlawed in new leases across England and Wales under the English Devolution and Community Empowerment Bill. Concerns have been raised by the sector about how this move could affect property values and investor confidence. Plus, a shift of this magnitude requires careful implementation to prevent unintended consequences for future development and commercial supply.
Propertymark throws spotlight on weakness in sanctions rules
Our robust response to the House of Commons Foreign Affairs Committee consultation on sanctions scrutiny outlines the disparity between the sanctions and anti-money laundering (AML) regimes and underscores the necessity for clearer, more consistent regulations and stronger UK Government support for letting agents navigating complex obligations. Implementing our recommendations will bolster compliance, protect agents, and significantly reduce the risk of economic crime in the UK property sector.
Treasury confirms permanent Mortgage Guarantee Scheme to boost homeownership
In a significant policy announcement on 15 July 2025, Chancellor Rachel Reeves, MP, unveiled plans to enhance homeownership opportunities across the UK by providing government backing to lenders who offer mortgages with deposits as low as 5%. By making this scheme permanent, the UK Government aims to stabilise the housing market and assist more people in becoming homeowners.