Cedar House, Caen St, Braunton EX33 1AH

1st September 2021

Buyers hopelessly ill-informed on mortgage process, survey suggests

Many Britains are apparently under-estimating the impact of furlough on their ability to get a mortgage and buy a property. A new survey claims that 64 per cent of Britons believe that lenders do not consider whether an applicant has received support from the furlough scheme in mortgage applications.  The same study,... Source: Estate Agent...

Listings crisis as sellers still reluctant to come forward

Parts of Britain are so short of homes for sale they have only half the number of listings to be expected at this time of year. Rightmove says Newmarket in Suffolk is the very worst location with the number of sales being agreed up 79 per cent on last July, while... Source: Estate Agent...

PropTech Today: pros and cons of a tech-led approach to compliance

The growing number of lettings sector rules is a hotly debated issue, while the sales sector has been seeing its own increase of late. But while there are natural frustrations with this red tape, it could also be seen as an opportunity – an industry with clear standards of professional conduct... Source: Estate Agent...

Stamp Duty Holiday taper leads to reduced mortgage borrowing

Mortgage approvals declined over the last month as the tapering stamp duty holiday deterred home purchases, according to data from the Bank of England. There were 75,152 mortgage approvals in July, the first full month the stamp duty holiday tapered, down from 80,272 in the previous month. Jeremy Leaf, north London estate... Source: Estate Agent...

Foreign buyers return to prime London says leading buying agent

A prominent London-focussed buying agent says she is seeing more foreign buyers returning to the UK capital - with more expected this month. Jo Eccles, who runs the Eccord agency, says she is currently working with clients from Israel, Azerbaijan, Australia and America with budgets between £2.5m and £10m. However, the post-pandemic... Source: Estate Agent...

Boost for smoother sales process as PropTech products integrate

Zoopla-owned software company Yourkeys and mortgage, insurance and wealth management broker SPF Private Clients have integrated. Yourkeys’ software provides buyer and seller on-boarding and sales progression tools, and says it aims to streamline processes providing greater transparency across the home-buying process.  Now it will carry SPF Private Clients’ Pivotal FS -...

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