Misleading Information Raises CMA Concerns

The Competition and Markets Authority (CMA) is set to launch enforcement action against housing developers who have unfairly treated leasehold homeowners and misled prospective buyers. This after evidence of possible mis-selling and unfair contract terms were found.

Reforms on Referral Fees Seen Soon

With the goal of ensuring referral fees be made more transparent and open to consumers, the National Trading Standards Estate and Letting Agency Team or NTSELAT, in collaboration with the NAEA Propertymark, The Property Ombudsman (TPO) and other industry bodies, published the February 2019 guidelines on referral fees received by estate agents across the UK. NTSELAT was to observe estate agents’ compliance with the guidelines and report their observations to the Ministers.

Countrywide and LSL Talks of Merger

Countrywide and LSL Property Services, two of the United Kingdom’s most prominent real estate agents whose shared number of landlord clients are in the tens of thousands, have confirmed that discussions for a merger is in progress, confirming suspicions that Countrywide is not in the best circumstance and is being given some help.

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