Cedar House, Caen St, Braunton EX33 1AH

September 2020

Covid Clauses are back as buyers fear wider lockdown restrictions

A leading agency says so-called Covid Clauses are being inserted into contracts as buyers become increasingly cautious ahead of a possible second Coronavirus lockdown.  Knight Frank says an increasing number of purchasers are accelerating their house moving plans because of virus fears and weaker economic news. The agency’s latest report on... Source: Estate Agent...

Crisis? What crisis? Mortgage lending hits 13 year high

Mortgage approvals for house purchases have soared to a 13 year high according to Bank of England figures up to the end of August. There was a rise from 66,300 in July to 84,700. However, the year-to-date total is still suffering from the market closure during the spring lockdown: the BoE says... Source: Estate Agent...

Agents get up to 2.32% commission claims Quick Buy property boss

A league table drawn up by a quick buy property firm claims that some estate agents' average commission has hit 2.32 per cent in parts of the country. Yes Homebuyer says the average absolute commission charged by agents varies across England and Wales, starting as low as £1,809 in the North East and... Source: Estate Agent...

Business Interruption Insurance Scandal – bid to speed up pay-outs

The many agents believed to be awaiting pay-outs on their Business Interruption Insurance will have some consolation in knowing that the pressure is on to get a final settlement of the issue. Earlier this month the High Court ruled in favour of policy-holders on most aspects of a test case brought... Source: Estate Agent...

Redundancies, PropTech and furlough cash help Hunters recover

Franchise network Hunters has recorded strong figures for the first half of 2020 but a trading statement reveals the measures it had to take to weather the Coronavirus storm. Having seen sales plummet 93 per cent in April 2020 against April 2019 - as a result of the market closure during... Source: Estate Agent...

Major regional agency unveils pioneering ‘super hub’ structure

One of the country’s major regional agencies has unveiled a ‘super hub’ structure which began life as a lockdown measure but has now been made permanent. Farrell Heyworth, which covers much of the north west of England, had 18 branches pre-lockdown and has now turned its operation into an innovative seven-hub... Source: Estate Agent...

Online agency easyProperty expands and seeks new licensees

Online agency easyProperty has announced four new areas to its portfolio to build on its existing 10 locations - and it’s seeking new licensees. easyProperty’s chief executive officer, David Brierley, says the online/hybrid agency model is transforming the sales process. “Big changes in consumer behaviour means that many traditional types of estate... Source: Estate...

Countrywide and Your Move veteran takes up new PropTech role

A veteran agent with 38 years experience of the industry - much of it at Countrywide - has become the head of agency at a PropTech company.  Peter Everett’s new role will be responsible for growing the business in the UK and overseas for Offr, a platform which claims to enable... Source: Estate Agent...

Agents’ fees on the rise but stamp duty holiday cuts moving costs

Consumer group Which? says the stamp duty holiday has cut more than £4,000 from the average cost of moving home - but it claims other fees, including agents’ charges, are on the rise. Which? says that while overall moving costs have dropped by 39 per cent the charges from agents, conveyancers,... Source: Estate Agent...

Free-to-list portal company wins another £5m funding

Property technology company OneDome, which operates two portals - OneDome and Nethouseprices - has raised another £5m in funding.  It says it wants to use the latest cash injection to become an Amazon-style service offering consumers “an end to end homebuying experience” that will rival Rightmove. The capital will also be used... Source: Estate Agent...

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