Yorkshire Post - Property

‘More work needed’ on property register

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Legal: Estate agent trade body Propertyma­rk gave a lukewarm welcome to the Royal assent of the Economic Crime Bill and its register of homeowners.

Timothy Douglas, Head of Policy and Campaigns for Propertyma­rk, says: “The housing market cannot maintain integrity until it is possible to know who the ultimate owner of a property is. The register will help to do this and strengthen existing checks carried out by agents, but only when informatio­n on the register can be verified, which will require further legislatio­n to provide extra powers for Companies House. Plus, the legislatio­n is four years too late.”

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