Housing Minister announces intention to Regulate the Property Sector
Ahead of the BBC’s ‘Leasehold Day’ on the 22nd November 2024, the Housing Minister, Matthew Pennycook, unveiled the government’s plan to transform the property sector by abolishing the leasehold system and replacing it with commonhold as the default tenure.
This pivotal reform is set to be implemented within the current parliamentary term, possibly alongside the long-awaited introduction of the Regulation of Property Agents (ROPA).
The ROPA report, published in 2019, with Lord Best chairing the working group, highlighted the necessity for property agents to possess formal qualifications, ensuring they have the requisite knowledge and skills to serve clients effectively.
Autumn Budget & the Property Sector
Almost a week after the Chancellor Jeremy Hunt presented his Autumn Budget 2022, we look at the content of the ‘mini budget’ and how it will impact the housing sector.
From the extended support for energy bills to a number of tax changes, there’s a lot for landlords and property professionals to think about.