Cedar House, Caen St, Braunton EX33 1AH

August 2021

Agency proud of hiring key staff with no industry experience

A long-standing agency says it’s proud that some of its most successful recent recruits have absolutely no industry experience. Felicity J Lord in London has five new starters who have switched careers due to the Covid pandemic.  Group managing director Antony Lark says: “Bringing people with talent from other sectors into our... Source: Estate Agent...

Good EPC ratings have almost no impact on house price – Nationwide

A new survey shows that there’s just a 1.7 per cent house price premium on homes with EPC ratings A or B compared to a D-rated property. Those homes rated F or G attract a 3.5 per cent discount compared to a similar D-rated property. That’s the result of an extensive study... Source: Estate Agent...

Shocking number of down valuations, claims agency

An agency claims that across the UK there have been very nearly 400,000 property transactions down valued in the last year alone. Benham and Reeves analysed transactions over the last 12 months following a devaluation report from mortgage consultancy Bankrate. The research shows that across the UK, an estimated 390,285 homes have... Source: Estate Agent...

Senior MP warns Lloyds Bank over grabbing first time buyer flats

The chairman of the Commons housing, communities and local government committee has criticised the institutional bulk-buying of existing homes for denying first time purchasers a chance to get on the ladder. Lloyds Bank is one of a number of major businesses from outside the traditional property sector to have revealed plans... Source: Estate Agent...

Can an agent REALLY earn £100k a year (by watching 22 videos)?

An agent promoting self-employed business models has launched a course showing how estate agents can earn £100,000 per year. The set of free-to-view videos, from Sean Newman, is what he calls “a mini course” - although there are 22 short videos in total. “Many people do not believe it is possible to earn... Source: Estate Agent...

Christmas already? Agents get advice for prospective sellers

It may be the final day of August but Propertymark has first out of the blocks with advice for agents to give to prospective vendors and buyers regarding ‘getting in by Christmas’.  It is warning that the average time taken from offer to exchange is now at between 13 and 16... Source: Estate Agent...

Estate agency scandal shows Trading Standards work is vital – claim

The work of the National Trading Standards Estate and Letting Agency Team is “vital” it claims - and the case of the banned agent receiving a custodial sentence proves the point. Yesterday Estate Agent Today exclusively covered a story about a banned agent who received a custodial sentence of six weeks, suspended for two years,... Source: Estate...

Conversion rates between portals – latest figures just released

PropTech platform Agent Response has just released its latest league table for conversion stats relating to the first two weeks of August, and covering the three largest portals. On sales, all three were relatively close. The most successful was OnTheMarket with 35.44 per cent conversion rate, following closely by Rightmove on... Source: Estate Agent...

95% mortgages fall flat as few deals actually agreed, claims broker

A broker claims the high profile return of the 95 per cent mortgage has actually made little impact on the housing market. Trussle says that only one per cent of its mortgage completions in July were from 95 per cent mortgage products.  It claims the poor uptake is not because of a... Source: Estate Agent...

High-profile PropTech pioneer retires from service he created

The entrepreneur behind the live chat service Yomdel is to retire from the business.  Andy Soloman, the founder of the managed chat provider, is to remain a so-called ‘brand ambassador.’ Soloman established Yomdel in 2012 and two years later is focussed in on the residential property sector to offer agents the opportunity... Source: Estate Agent...

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