Cedar House, Caen St, Braunton EX33 1AH

30th 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...

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