• Cedar House, Caen St, Braunton EX33 1AH

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Flurry of new laws and regulations to come, whoever is Prime Minister

The head of the Property Redress Scheme is urging agents to prepare for yet more regulation and legislation changes likely to be introduced over the rest of 2019. Sean Hooker – head of redress at the PRS – says: “With so much change and with the increasing risk of being fined… Source: Estate Agent News

Easier extensions – mixed response from industry and planners

There’s been a mixed response to the government’s surprise announcement that it would make permanent the right of home owners to make substantial extensions to their property without the need for formal planning consent. The news could spell a further reduction in transactions for agents as the government’s announcement over the… Source: Estate Agent News

Planning rules relaxed ‘to avoid owners selling homes’

Homeowners will be able to extend properties more easily instead of moving home. In a surprise announcement this morning – less than 24 hours after the Prime Minister resigned – the housing minister says this relaxation will allow more people to have a home they want without what he calls the “arduous” process… Source: Estate Agent News

Compliance clampdown on Referral Fees and Modern Method of Auction

The Property Ombudsman says its members must in future disclose referral fees in a bid to make previously-hidden costs open and transparent to consumers. The decision – made with the guidance of the National Trading Standards Estate & Letting Agency Team – is the most controversial of a number of changes… Source: Estate Agent News

‘Punish rip-off culprits’ – CMA urged to be aggressive on leasehold abuse

A firm supporting leaseholders across the UK says the ongoing Competition and Markets Authority probe should “punish” what it calls “rip off freeholders.” The Leasehold Group of Companies’ outspoken call comes as the CMA begins an examination of the extent of mis-selling and whether the most onerous leasehold terms, such as permission… Source: Estate Agent News

Online agent says very slow broadband knocks 24% off house price

Ultra slow broadband speeds could knock a quarter off the value of a property according to research undertaken by online agency Housesimple.  The agency looked at average house prices on streets with some of the slowest broadband speeds in Britain – less than 1Mbps, against the UK average of 46.2Mbps -… Source: Estate Agent News

Another boost for Equity Release: does it lead to fewer house sales?

Retired homeowners are increasingly using property wealth to clear unsecured debts and mortgages to strengthen their later life finances, a new equity release report claims.  The number of customers for the Key equity release firm using money from their homes to pay off credit cards and loans hit a three-year high… Source: Estate Agent News

Agents Do Charity – and we're going up in the world…

Hello there and we’re at the start of another Bank Holiday weekend – but no rest for you lot, working hard to raise funds for great causes, as our industry has always done. Everyone here got hold of us by emailing press@estateagenttoday.co.uk; if you do the same, we’ll spread the word… Source: Estate Agent News

Zoopla in multi-million pound software shake-up for agents

Zoopla is today unveiling what it calls “a new direction” for its software division and the creation of “market-leading agency CRM software”. It’s setting high standards, with a launch statement promising it will “benefit thousands of estate agency customers and millions of consumers” and enable agents “to reach more  customers than… Source: Estate Agent News

Replace stamp duty with tax on house sale profits, urges finance chief

An outspoken building society chief has taken the unusual step of calling for stamp duty to be replaced by capital gains tax on primary homes. Jeremy Wood, chief executive of the Dudley Building Society, says SDLT in its current form is a major obstacle to the housing market functioning correctly, particularly… Source: Estate Agent News