Cedar House, Caen St, Braunton EX33 1AH

21st April 2017

Stamp Duty: no change imminent, predicts Communities Secretary

Anyone hoping that the General Election could herald an immediate change of heart by the Conservatives on high levels of stamp duty levied on more expensive properties may be disappointed by comments from Communities Secretary Sajid Javid. He told a meeting of the House of Commons’ Communities and Local Government Committee... Source: Estate Agent...

Strutt & Parker: local offices outside London 'may not be part of sell-off'

A well-informed industry article on the possible sale of Strutt & Parker to French bank BNP Paribas suggests that the deal, if it happens, may not include the firm’s 60 estate agency offices outside of London. Property Week says the much-rumoured sale of the historic estate agency - which we reported... Source: Estate Agent...

Regulator to probe lenders who offer just interest-only mortgages

The Financial Conduct Authority says it is to review lenders offering solely interest-only mortgages to home owners. In its business plan for the coming year it says: “Around 1.8m owners currently have outstanding interest-only mortgages (excluding buy to let), and many do not have an appropriate strategy to repay them. “We will... Source: Estate Agent...

Agencies round-up: Purplebricks, Harrison Murray, Heaton, and more

The aftermath of Easter and shock announcement of a snap General Election have done little to stop the industry making plenty of staff and other moves this week. Firstly one of the senior non-executive directors of Purplebricks, Nick Discombe, has sold 1.6m shares at £3 per share. After the sale he... Source: Estate Agent...

Agents Do Charity – the never-mind-the-ballots edition

There’s no sign yet that the snap General Election is distracting our industry from continuing its fine record of doing good work for others - perhaps quite the reverse. Everyone whose story we tell today let us know of their activities by emailing press@estateagenttoday.co.uk. If you do the same, we’ll be delighted... Source: Estate Agent...

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