Property firm formally enters liquidation
The company, which recently went into administration, owes debts of more than £300m which is set to go unpaid
Marc da Silva
Agency loses £4.8m VAT case
Based on the High Court decision, HMRC made assessments for unpaid VAT for £4.8m for the period February 2015 to January 2019
iamproperty agree new private equity partnership
Co-Founders Ben Ridgway and Jamie Cooke, alongside the management team, will retain majority share and continue to drive forward the business
Chestertons Global to work closely with Chestertons UK under new ownership
Chestertons UK has been sold to Emeria, while Mercantile will retain ownership of Chestertons Global
Hybrid agency iad UK hits 30 estate agents signed up to its platform
iad UK says the self-employed model is the future of agency in this country
What impact will the Renters (Reform) Bill’s second reading have on the rental sector?
Agents and landlords who have not yet prepared for the changes told they must follow progress closely and act quickly so they are not on the wrong side of the new regulations when they arrive
Comings & Goings
Snippets of industry news: Marchand Petit adds to senior leadership team; Stephanie Vaughan-Jones to head Moneypenny's property team
Rightmove to host webinars with Google and the Bank of England
Agents can submit their questions in advance for the speakers who will answer them live on air
Well-known estate agency founder dies
The estate agent set-up his own agency in 1989
Ban ‘unfair’ letting agents tenancy renewal fees, says PropTech platform
Company launches Stop Renewal Fees petition as part of campaign ban agents from charging additional commission
Mortgage guarantee scheme set to be extended for another year
The mortgage guarantee scheme, first introduced in March 2021 by the then chancellor Rishi Sunak, was designed to encourage lenders to offer mortgages to borrowers with a smaller deposit
Parliament urged to back Renters Reform Bill amid concerns landlord MPs could rebel
Some MPs who own rental properties say they will be among landlords leaving the market due to what they call an “unconservative” policy on Section 21
Comings & Goings
Snippets of industry news: New lettings director joins Savills from Knight Frank; Legal & General Affordable Homes refreshes board; Jackson-Stops hires three new directors
Concerns of ‘exodus’ by private landlords are groundless, says think-tank
The CSJ has welcomed the decision by Rishi Sunak and his levelling-up secretary Michael Gove to press ahead with the controversial Renters (Reform) Bill to be voted on in the Commons today
Property auction market demonstrates ‘strength and growth’ as activity picks up pace
The UK property auction market continues to show resilience
Government commits to court reform before scrapping Section 21
The government has pledged that Section 21 repossessions will not be abolished until improvements have been made to the way courts handle legitimate possession cases
Housing circumstances associated with significant health consequences, DNA study finds
The research tracked a process called methylation in people who are part of the ongoing UK Household Longitudinal Survey
Rightmove shares tumble but is its property portal dominance now under threat?
Rightmove’s number one position in the online property search market is being challenged after CoStar's accepted bid to purchase rival portal OnTheMarket for £100m
Estate agents’ hopes for autumn bounce fails to materialise
Amidst the ongoing challenges of the economic landscape, new data paints a picture of an unusually muted yet stable market
Government to review rules governing Pooled Client Accounts
Propertymark is among those that have campaigned strongly on this issue, which has affected a number of agents over several years