Cedar House, Caen St, Braunton EX33 1AH

January 2021

Stamp Duty Gag: MPs prevented from debating extension

The government may be stopping MPs debating an extension to the stamp duty holiday - despite a pledge they would do so. An online petition with some 116,000 signatures calling for an extension has passed the threshold which would normally trigger a debate. However it’s been reported that Jacob Rees-Mogg - the leader... Source: Estate Agent...

Agent closes branches and demands stricter Coronavirus controls

An estate agent has shut both branches of his business for safety reasons and wants tighter Coronavirus restrictions on the industry.  ITV News reports that Jeff Cox, owner of Henleys sales and lettings agency in Norfolk, shut both his branches at the weekend. A notice on their windows reads: “After careful consideration... Source: Estate Agent...

Agency branches each waiting on £105,000 fees on average

A property platform claims the current pipeline stock is so large that the average UK agency branch is waiting on £105,000 in fees. The platforms says its calculation assumes the typical agency commission to be 1.5 per cent, with some 582,000 properties in the pipeline across the country.  Agents in London alone are... Source: Estate Agent...

Banned! Online agencies must not advertise house for sale

Two mysterious online agencies have had their advertisements for the same property banned by the Advertising Standards Authority. The agencies - Manchestersalerent and Overstreet - appear to have both listed a property last summer which included the description “4 bedroom Detached house for sale in Rackenford”.  The listing on Manchestersalerent included...

Big majority of first time buyer mortgages now over 25 years

Some 70 per cent of first time buyers in 2020 took out mortgages in excess of 25 years, says the Nationwide. A decade ago, the proportion of first timers doing this was just 45 per cent. Nationwide calculates that increasing a mortgage term from 25 to 35 years can boost the total amount... Source: Estate Agent...

Portals track how buyer aspirations are changing through Covid

Both Rightmove and Zoopla have issued new data showing how the market is changing as buyers’ aspirations alter. Zoopla has looked at where family homes have seen the biggest increase in price per square foot.  Family homeowners in both the East and West Midlands have seen the biggest increase in the price per... Source: Estate Agent...

Data Fraud Warning: lockdown makes agents’ systems more vulnerable

A trade body is warning that increased home working triggered by Coronavirus makes the agency industry more vulnerable than ever to data fraud and cyber-related crime.   The Guild of Property professionals says home working means IT systems are inevitably more susceptible to attack.  It cites data from Interpol showing that during... Source: Estate Agent...

Stamp Duty Holiday: is it really just a subsidy for London buyers?

London buyers have been by far the biggest winners from the stamp duty holiday according to new research. The Keller Williams UK agency says 85 per cent of the transactions since July 8 have been below the £500,000 threshold, meaning that within the current holiday they are exempt from stamp duty... Source: Estate Agent...

Work-from-home agency aims at national roll-out with industry novices

A firm calling itself the UK’s first 24/7 home-based agency says it wants to roll out nationally with a network of franchisees who need not have previous property experience.  Dorset-based Meyers Estate Agents was set up seven years ago and says it now wants to expand its franchised network. Principal Mark Meyer says: “Currently,... Source: Estate Agent...

Digital ID scheme for buyers and sellers wins government support

A PropTech company has won a grant for a project to improve ID verification in the buying and selling process, via “a digital identity trust scheme.” The project will enable consumers to use one digital identity when buying or selling a home and share this with estate agents, conveyancers, mortgage intermediaries... Source: Estate Agent...

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