• Cedar House, Caen St, Braunton EX33 1AH

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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