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The leasehold system has created many unsellable and unmortgageable homes and should change, MPs say. The all-party Housing, Communities and Local Government Committee says the Competition and Markets Authority should investigate mis-selling claims and the potential for possible compensation. Developers say they try to provide prospective purchasers, solicitors and lenders with transparent… Source: Estate Agent […]
Over 50 per cent of all mortgage products available to home buyers in the UK currently have a standard maximum term of up to 40 years. Just five years ago only just over a third of mortgage products had terms that long. The data comes from independent mortgage monitor Moneyfacts, which says… Source: Estate Agent […]
The Secretary of State for Education has written to the head of an online estate agency to ask him to share the secrets of his “climb to the top.” Akshay Ruparella, the 20 year old founder of Doorsteps, has been contacted by Education Secretary Damian Hinds. In the letter Hinds invites the… Source: Estate Agent […]
The founder and former chief executive of Emoov, Russell Quirk, is back in the headlines with a new but until now unpublicised online business venture. The Mail on Sunday this weekend reported that Quirk had set up a comparison website – Conveyancer Comparison – with a former director of Emoov, Graham MacKim…. Source: Estate Agent News
Another new online auction company has launched and is bidding to woo traditional estate agents with the controversial ‘modern method of auction’ MyBid4It has been launched by a former Yorkshire estate agent, Charlie Lancaster, and joins companies like sector leader IAMSold. The company says its new platform offers sellers and buyers “a… Source: Estate Agent […]
Nested, an innovative online agency that offers vendors a form of guaranteed sale, has laid off 20 per cent of its workforce according to technology publication Tech Crunch. Nested co-founder Matt Robinson confirmed the departure of around 15 staff, telling Tech Crunch: “We have come off a record year and quarter but… Source: Estate Agent News
Regional agency Prospect, which already has offices in Berkshire and Surrey, has opened its 10th office at Farnborough in Hampshire. Last year Prospect acquired the well-established James Griffin Sales & Lettings agency in Farnborough and the Griffin staff continue in the Prospect office. “Farnborough has been a town we’ve always worked in and… Source: Estate Agent […]
Hello – here we are once again with the weekly round-up of key moves in the agency and related industries. We’re letting you know about these appointments because we’ve been told by email on press@estateagenttoday.co.uk – please do the same and we’ll inform the industry of what’s happening with your company. Let’s… Source: Estate Agent […]
The spring market has got off to a subdued start according to Rightmove – and the portal says more buyers are hesitating as they see Brexit decisions go down to the wire. “Brexit uncertainty has at best delayed the usual spring bounce” warns the portal in a statement released this morning. The… Source: Estate Agent […]
There’s more fuel added to the current debate about reform of the house purchasing process, as new data reveals one buyer in six pulls out of a deal. The most common reasons were regarding purchaser finance, a disagreement over the price or a simple change of mind by the buyer. The study… Source: Estate Agent […]