• Cedar House, Caen St, Braunton EX33 1AH

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TPO defends code change over buyers' pre-contract deposits

The Property Ombudsman’s office has defended a change to its code of practice which, according to a national newspaper, means agents in England and Wales can ask purchasers for £1,000 deposits to indicate the seriousness of their intent to buy. The Guardian says that accepting pre-contract deposits is banned for agents… Source: Estate Agent News

White Paper: poor new-build figures as emphasis shifts to renting

There's bad news for the government in the form of house building targets on the eve of its long-awaited Housing White Paper – there’s been a two per cent drop in new home registrations in the past year. The total registered in 2016 was 151,687; the worst hit area was London… Source: Estate Agent News

Express story on Brexit house price boost 'seriously inaccurate'

The Independent Press Standards Organisation has ruled that a Daily Express newspaper story – “EU Exit Boosts House Prices” – was “seriously inaccurate.” IPSO, the independent regulator for the newspaper and magazine industry, last summer received a complaint from a Paul Haigh alleging that the Express front page lead on July 22,… Source: Estate Agent News

Homes with 3% surcharge 'made up 20% of late-2016 sales'

An analysis by Savills shows that so-called ‘additional homes’ – that is, those carrying a three per cent stamp duty surcharge – made up one in five of all sales in the second half of 2016. The effect of the three per cent surcharge is not yet fully understood, says the… Source: Estate Agent News

Rightmove to give NAEA and ARLA market info and regulatory news

Rightmove is teaming up with the National Association of Estate Agents and the Association of Residential Letting Agents to offer what the bodies call “help and support to agents” in the form of market and regulatory information. “We’ll be working with NAEA and ARLA throughout the year to enhance the support that… Source: Estate Agent News

'Retail' expert takes over as estate agency director at LSL

LSL Property Services has named Helen Buck as executive director of its estate agency business.  Buck has been a non-executive director at the company since December 2011 and has "excellent knowledge of the business", according to LSL. LSL is Britain’s second-largest agency group, and is the parent firm of High Street brans… Source: Estate Agent […]

Hybrid will be 'fast-growing challenger brand' says agency chief

Hybrid agency EweMove is rapidly expanding its network footprint this year and will be a “challenger brand” deliberately designed to be non-traditional, according to the head of its parent company, MartinCo. In a trading statement to the City, MartinCo chief executive Ian Wilson devotes much attention to EweMove, which the company… Source: Estate Agent News

Zoopla says member-agents made £15m-plus from IPO share offer

Zoopla has released details of the profit some of its agents have made from its 2014 offer to purchase shares at a 20 per cent discount – in total, agents who took advantage of the deal have made £15m. Zoopla Property Group member agents were all offered the opportunity to buy… Source: Estate Agent News

Housing White Paper – first details start to emerge

First details of the long-awaited Housing White Paper have emerged in stories in newspapers frequently used by government to float ideas. The Sun and the Financial Times, in particular, have run informed pieces suggesting the White Paper – originally planned for around the time of the Conservative party conference in October,… Source: Estate Agent News

Government to fund group to provide leasehold transparency

Housing minister Gavin Barwell says the government will provide “substantial investment” to ensure more transparency in leasehold tenure. “We are determined to create a housing market that works for everyone. Millions of people own leasehold homes and I am determined to stamp out unfair, unjust and unacceptable abuse of the leasehold… Source: Estate Agent News