Cedar House, Caen St, Braunton EX33 1AH

July 2020

Business Interruption Scandal: agents await decision on pay-out

Agents are awaiting the outcome of a test case regarding Business Interruption Insurance, which may determine whether they receive thousands of pounds in pay-outs. The test case concluded yesterday after eight days, and involved a sample of 17 insurance policy wordings, collected by the Financial Conduct Authority. The FCA brought the test case... Source: Estate Agent...

Agency backs For Sale boards and wants lion’s share of the market

The debate over whether For Sale boards remain a valuable source of publicity has been in the headlines of late - but one agency is convinced boards are the secret to winning the lion’s share of the local housing market.  In and around Portsmouth the Town and Country Southern agency has launched... Source: Estate Agent...

Prime London market improving despite transactions slump – bank

A housing market snapshot for prime London shows a fall of over half in the number of £1m-plus properties sold so far this year compared to last - but the wider position on prices and volumes appears to be improving. Coutts says that there’s been a 53.4 per cent drop in... Source: Estate Agent...

Broadband is ever-more important to buyers, survey shows

A new study confirms the growing trend of buyers wanting good broadband links - and the possibility that homes without them may struggle to sell.  The survey suggests that 62 per cent of prospective purchasers would at least consider not buying a house if it didn’t have a strong, reliable internet... Source: Estate Agent...

Agents Do Charity – and a special message from Agents Giving…

Hello: if it’s Friday it’s charity day and this week we have a special announcement from the industry’s own charity, Agents Giving. Before that, however, a reminder that even in these tough times we’re very keen to help agents who are embarking on personal or corporate fund-raising. Just drop us a... Source: Estate Agent...

OnTheMarket boost as 14,000 agency branches and developments list

A statement by OnTheMarket this morning reveals that as of the end of last month it had a record 14,000 advertisers - that is, agency branches and individual housing developments Almost 600 branches have joined under the portal’s most recent listing offers, which issued ‘welcome shares’ to each business alongside full-tariff... Source: Estate Agent...

Anti-Rightmove agencies sign up to free-to-list challenger portal

OneDome has released a list of High Street agencies that have signed up to its free-to-list portal and sister website Nethouseprices  - including two prominent opponents of Rightmove. One is Dreamview Estates, led by veteran London agent Murray Lee; the other is At Home Estate and Letting Agency, leader of the Boycott Rightmove... Source: Estate Agent...

Agents’ delight as mortgage lending bounces back

Mortgage approvals - a key indicator of short-term activity in the housing market - beat expectations in June according to Bank of England figures. The number of mortgages approved by UK banks rose to 40,000 last month after May’s record crash to just 9,300. This June figure was well above the... Source: Estate Agent...

Here we go again – Help To Buy looks likely to be extended

Government leaks to mainstream and building trade media suggest the controversial Help To Buy scheme will be extended beyond its end-of-2020 deadline. An announcement is expected shortly. Some suggestions say the extension could be just three months, to allow the clearance of as many as 18,000 H2B purchases delayed by Coronavirus, while other... Source: Estate Agent...

Agencies use lockdown to sign up to Fine & Country

Fine & Country has announced it signed a string of agencies to its brand during lockdown. Most F&C agents members are High Street firms wanting a prestige brand but earlier this year it was announced that it would allow its name to be used by self-employed agents not necessarily working from... Source: Estate Agent...

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