What is currently happening in the UK property market?
Are estate agents over-valuing homes to gain instructions?
Marc da Silva
Warning of sharp rise in fraudsters targeting the property market
Letting agents face uphill struggle with forged documents and undeclared CCJs and IVAs
Mortgage rates cut for buyers with small deposits
These latest reductions will ensure that we have some of the most competitive rates on the market in what remains a challenging environment
Property boss wrongly claimed £75k in furlough
The First Tier Tribunal made the ruling despite HMRC missing the court filing deadline by 48 hours
BTL landlords ‘spooked’ by Renters’ Rights Bill and rumoured CGT
Letting agent says that without balanced protections for landlords - especially reversing Section 24 of the Finance Act - letting out properties is being made simply untenable.
Comings & Goings
Snippets of industry news: Related Argent leadership announcement; Double promotion at Nicol & Co; Lichfields strengthens London office
Landlords need a green finance scheme that is ‘simple and advantageous’
Under Government proposals, 63% of rented households will need energy efficiency upgrades by 2030, research shows
Superstitious buyers avoid moving house on Friday 13th
For non-superstitious buyers, homes numbered 13 may present a unique opportunity to secure a more affordable property
Are you familiar with the new Renters’ Rights Bill?
The new Bill includes a ban on bidding wars, in-tenancy rent increases, letting agent restrictions, a new Decent Homes Standard, a PRS Database, among other measures
Bank of England to cut interest rates, economists forecast
The Bank of England’s Monetary Policy Committee is due to meet on Thursday 19 September for its next rate-setting vote
Government hopes Section 21 ban will be in place by summer
The UK government has prioritised the Renters’ Rights Bill in its legislative agenda and set out its plan to strengthen tenant rights
First-time buyers urged to act fast ahead of stamp duty hike
Thousands of first-time buyers have benefitted from the relief in stamp duty introduced in 2022
House prices move into positive territory for first time in almost two years
Housing market sentiment is improving thanks to cheaper mortgage rates and growing buyer interest - RICS
Comings & Goings
Snippets of industry news: Ex-agency boss joins Cardwells; Spicerhaart promotes new homes director; Wildheart Residential Management appoints new property director
Sharp rise in larger homes listed for sale amid tax concerns and lower mortgage rates
There is increasing speculation around a capital gains tax rise in the Autumn Statement next month
The top rising neighbourhoods that first-time buyers are choosing unveiled
Data from Santander recently revealed that FTBs are increasingly compromising on location to fulfil their dream of owning a home
Independent estate agency expands with new office
The new estate agency office will command a prominent high street presence
EYE NEWSFLASH: Rightmove rejects £5.6bn takeover offer from Murdoch’s REA Group
Rightmove and REA Group have just issued statements after the proposal from REA, which is 62% owned by Rupert Murdoch's News Corp, was rejected by the UK-based portal
What would a Rightmove takeover mean for UK estate agents?
UK agents spend an average of £232.68 per Rightmove listing, while their Australian counterparts spend between £750 and £1,500 per listing via Realestate.com.au, owned by REA Group
Estate agents waste hundreds of hours a year conducting viewings for time wasters
Conducting viewings for people with no intention of buying a property is highly frustrating for agents and vendors