Agents Together, the wellbeing and mentorship service which came into existence earlier this year, is launching what it calls a Redundancy Bounce Back Series. This is a month-long virtual event aimed at supporting agents worried about losing their jobs or already redundant. “We know that estate agency and the property… Read More »Industry Redundancies: Agents Together launches support programme
A Bank of England survey suggests it may be more difficult for prospective buyers to get a mortgage later this year. In the BoE’s latest quarterly Credit Conditions Survey, lenders reported that credit to households – including mortgages – increased slightly in the three months to the end of August. Much… Read More »There may be trouble ahead…Mortgage lending to get tougher
An estate agency in Lancashire has been taken over by a hotel group, which pledges to expand and create more jobs. Mikhail Hotel and Leisure Group is to takeover David Davies estate and letting agents in St Helens. The firm plans to make its new acquisition one of the largest… Read More »Agency bought by hotel group pledging jobs growth
A new portal-style PropTech product has launched and wants to recruit estate agents to its fold – despite describing the way agents work now as “outdated.” Vyomm is a portal that currently operates as a showcase for a small number of high-end homes on sale or to let but ultimately… Read More »New “sellers portal” pledges to improve on Rightmove and Zoopla
An estate agency in the south of England has abandoned its online-only strategy and has decided to open a physical office in a local High Street. Open House Brighton Coast, which has been operating for five years, has stepped out of the virtual world because of what it calls “growing… Read More »Agency abandons online-only strategy by opening High St office
A right wing magazine once edited by Boris Johnson has called estate agents “spivs with tape measures” who conceal information from buyers. In an article about leasehold properties the veteran Spectator contributor Ross Clark accuses agents of not wanting to tell buyers the remaining duration of leases on leasehold properties.… Read More »Agents are ’spivs with tape measures’ says angry press article
The total Sales Agreed in 2020 so far has overtaken Sales Agreed up to this point in 2019, despite the Coronavirus crisis. Property consultancy Twenty EA also says New instructions this year is 92 per cent of those reached at this point in 2019, despite the market lockdown. On top… Read More »Market Boom: Sales agreed so far in 2020 surpass last year’s figure
A security company says it is “disappointing” the estate agency industry is only around 55 per cent through preparations to cope with Anti-Money Laundering regulations – even though the new rules came into force at the start of the year. LexisNexis Risk Solutions claims a majority of major players in… Read More »Agents told off for not being ready for Anti-Money Laundering regs
A former healthcare executive is the latest convert to become an online agent with easyProperty, the company has announced. Richard Ayres has purchased the licence for Grantham, Sleaford and Lincoln – he’s lived in the area for five years and has owned property there for over 13 years. Ayres most… Read More »Latest online agent has 30 years work experience – but not in agency
Stamp duty specialist consultancy Cornerstone Tax claims some 120,000 buyers in the UK may be owed SDLT refunds. It says that in 2017/18, over £12.9 billion in stamp duty was paid by homebuyers in the UK, while in 2016/17 alone over 6,800 additional property refunds totalling £80m were paid. Cornerstone says it… Read More »Stamp Duty may have been overpaid by 120,000 buyers – claim
