• Cedar House, Caen St, Braunton EX33 1AH

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Countrywide wants damages from mystery buyer who pulled out of deal

Countrywide says it is pursuing the businessman who failed to complete on the purchase of the troubled agency’s commercial arm, Lambert Smith Hampton. In December Countrywide agreed the sale of LSH, despite having earlier said the division was an essential part of the company and denying it was on the market. However,… Source: Estate Agent News

All Change! Agents should reform ‘before government intervenes’

The industry should continue to prepare for large-scale reforms such as mandatory agency training, the licensing of agents and a new regulatory. That’s the advice from a leading PropTech entrepreneur who says that while the UK and wider world have been pre-occupied with the Coronavirus, reform of the agency industry will… Source: Estate Agent News

The stricter the lockdown ‘the faster housing market recovers’

An analysis of seven countries which underwent different forms of lockdown during the pandemic suggests the British and Italian housing markets fared worst of all in terms of ‘lost’ listings. However, those markets are also seeing some of the fastest recoveries. The analysis – by international PropTech expert Mike DelPrete – shows… Source: Estate Agent […]

Outsourced operator will qualify agents’ leads and follow-up marketing

Outsourced communications provider Moneypenny has launched a new facility called Client Services for agents resuming business. Moneypenny’s 80-strong team of receptionists can now diarise viewings, qualify inbound leads, warm-up databases and follow-up property marketing campaigns for agents – it says it should soon be able to integrate with the major CRM… Source: Estate Agent News

Demand plummets for ultra-expensive London homes, says agency

London estate agency Benham & Reeves says there’s been a sharp fall-off in demand for ultra-expensive homes in prime suburbs of the capital. The agency looked at prime London’s property hotspots and the demand for homes listed in three price categories – between £2m and £5m, between £5m and £10m, and… Source: Estate Agent News

Physical valuations now undertaken by most lenders in England

The Bank of Ireland UK is the latest mortgage lender to resume physical valuations of properties in England, subject of course to government rulings on social distancing and the health of property occupants. Earlier this week specialist buy to let lender Paragon Mortgages did the same; it's thought that the majority… Source: Estate Agent News

Rightmove finance chief to step down next month

Rightmove has confirmed that its group finance director is to step down at the end of next month. Robyn Perriss is retiring from the portal company after 12 years in the role. Georgina Hudson, currently the company’s head of finance and a senior manager at the portal since 2013, will act as… Source: Estate Agent […]