Cedar House, Caen St, Braunton EX33 1AH

26th May 2020

Self-employed agents – the way forward for the industry?

Many of the leading advocates of the self-employed estate agent business model have talked about why many want new recruits with absolutely no estate agency experience. “They come with no baggage, they’ve got no preconceived ideas, they've got no nasty habits left over from the traditional route” explains David Brierley, who... Source: Estate Agent...

Foxtons sales commissions collapse by 61% during Coronavirus period

New figures released by Foxtons this morning show a collapse in commission income to the agency during the Coronavirus period. Sales commissions were down 61 per cent, lettings commissions down 40 per cent, and mortgage broking revenues down two per cent.  However, the company overall has raised more cash to keep its... Source: Estate Agent...

Furlough changes: Agencies and suppliers must pay some wages

The Chancellor has revealed how he will wean businesses off the Coronavirus Job Retention Scheme - meaning that agencies and suppliers will have to start paying parts of the salaries of their furloughed staff in just over two months time. Rishi Sunak says agencies and other employers will be able to... Source: Estate Agent...

RICS beefs up Anti-Money Laundering guide in light of Coronavirus

The Royal Institution of Chartered Surveyors has revised its Anti-Money Laundering guidance in the light of Coronavirus. It says the scale of serious organised crime, including money laundering is estimated to cost the UK around £24 billion.  The guide ensures regulated firms comply with RICS’ professional standards but does not provide legal... Source: Estate Agent...

Mortgage holiday extension – new details released by FCA

The Financial Conduct Authority has published new draft guidance for lenders which will set out options available to their customers in the extended mortgage holiday period.  When the guidance comes into force, later this week, lenders will be expected to contact their customers whose existing mortgage holiday is coming to an end.   Some may... Source: Estate...

Housing ministers steer clear of Cummings row – until last evening

Housing Minister Chris Pincher and Housing Secretary Robert Jenrick stayed well clear of the Dominic Cummings row over the weekend - at least until the controversy neared the end of its third day. The Cummings row is well documented and concerns his trip from London to Durham during the strictest period... Source: Estate Agent...

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