Cedar House, Caen St, Braunton EX33 1AH

6th February 2017

TPO defends code change over buyers' pre-contract deposits

The Property Ombudsman’s office has defended a change to its code of practice which, according to a national newspaper, means agents in England and Wales can ask purchasers for £1,000 deposits to indicate the seriousness of their intent to buy. The Guardian says that accepting pre-contract deposits is banned for agents... Source: Estate Agent...

White Paper: poor new-build figures as emphasis shifts to renting

There's bad news for the government in the form of house building targets on the eve of its long-awaited Housing White Paper - there’s been a two per cent drop in new home registrations in the past year. The total registered in 2016 was 151,687; the worst hit area was London... Source: Estate Agent...

Express story on Brexit house price boost 'seriously inaccurate'

The Independent Press Standards Organisation has ruled that a Daily Express newspaper story - “EU Exit Boosts House Prices” - was “seriously inaccurate.” IPSO, the independent regulator for the newspaper and magazine industry, last summer received a complaint from a Paul Haigh alleging that the Express front page lead on July 22,... Source: Estate Agent...

Homes with 3% surcharge 'made up 20% of late-2016 sales'

An analysis by Savills shows that so-called ‘additional homes’ - that is, those carrying a three per cent stamp duty surcharge - made up one in five of all sales in the second half of 2016. The effect of the three per cent surcharge is not yet fully understood, says the... Source: Estate Agent...

Rightmove to give NAEA and ARLA market info and regulatory news

Rightmove is teaming up with the National Association of Estate Agents and the Association of Residential Letting Agents to offer what the bodies call “help and support to agents” in the form of market and regulatory information. “We’ll be working with NAEA and ARLA throughout the year to enhance the support that... Source: Estate Agent...

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