• Cedar House, Caen St, Braunton EX33 1AH

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Savills stays silent on valuation allegation and High Court order

Savills is remaining silent on the issues surrounding the apparent filing of a High Court order that may oblige the agency to hand over emails, texts and other documents relating to a legal battle involving the Candy developers. According to The Guardian, the High Court order from businessman Mark Holyoake follows… Source: Estate Agent News

Summer stock levels were lowest for at least 15 years – NAEA

Stock levels for estate agents at the height of summer were their lowest for at least 15 years according to the National Association of Estate Agents.  The number of properties available to buy on member agents’ books dropped from 37 in June to 35 in July according to figures just released… Source: Estate Agent News

Slash stamp duty by a third, estate agency tells government

Jackson-Stops & Staff, a critic of the stamp duty system since its reform in 2014, now says the government should slash it by a third across the UK. A statement from the agency says that the duty has had such a negative impact on home sales in prime central London that… Source: Estate Agent News

Agents cautious on improved mortgage approval figures

There’s good news for the housing market from new mortgage and remortgage approval figures showing growth in July after three flat months. The data, from the Bank of England, reveals that there were 68,689 house purchase approvals in July, up from 65,318 in June. The figure for May was 65,574 and… Source: Estate Agent News

First time buyers should ponder more options, urges mortgage analyst

Independent financial service Moneyfacts says first time buyers who opt for a fixed rate deal might be better off if they chose a discounted variable rate deal. Moneyfacts says the current average fixed rate at 95 per cent loan-to-value is 0.82 per cent more expensive than the current average discounted variable rate. Spokeswoman… Source: Estate Agent […]

Top industry figure says OTM float 'just makes money for elite agents'

Iain White, the ex-Romans managing director and former Countrywide director, has come out strongly against the demutualisation proposal from Agents’ Mutual – and says it’s part of an agenda to allow the leaders of the company to make money. White, now one of the founders of the Agency Mentors training business,… Source: Estate Agent News

Online agency subject of another complaint about website wording

Online agency HouseSimple has once again been the subject of a complaint to the Advertising Standards Authority. Earlier this month a HouseSimple advertisement was banned because it could not substantiate a claim that “High street estate agent fees are usually worked out as a percentage of the final sale price of your… Source: Estate Agent News

PropTech Today: Why consolidation and collaboration are badly needed

“When an industry is new, still finding its feet, finding its purpose, the tendency is for those few people within it to be secretive. But PropTech isn’t new anymore. It’s young, but not new.” “As a result, the inventors and innovators are starting to look up from their screens and across… Source: Estate Agent News

Stamp duty: new analysis shows burden falling on Southern England

Analysis by the Nationwide suggests that the proportion of UK-wide stamp duty payments paid by purchasers in the south east of England are likely to have risen again. “The abolition of the “slab” structure of stamp duty tax rates [in 2014] is unlikely, by itself, to have increased the total amount… Source: Estate Agent News

House price growth slows again this month says Nationwide

The average price of a home in the UK is now £211,6712 – up slightly on last month but with growth slowing, according to data from the Nationwide.  The annual pace of house price growth moderated to 2.1 per cent in August, from 2.9 per cent in July.  The slowdown in… Source: Estate Agent News