Savills profits tumble after ‘challenging’ year
Savills cite current economic and political uncertainty for the sharp decline in revenue and profits
NEWS ARCHIVES
Scrapping inheritance tax is a ‘win-win’, says former minister
According to HMRC, less than 4% of all deaths in the UK paid inheritance tax in 2020/21, which raised £5.76bn in tax that year
Halifax reduce max working age for some mortgage applicants
The move could see monthly mortgage payments increase
House sales on the rise as an air of cautious optimism sweeps over UK housing market
New data reveals a more positive trend in buyer enquiries and new listings
Comings & Goings
Snippets of industry news: Simon Bradbury, previously MD at Thomas Morris, joins eXp UK; Nicky Heathcote and Tim Everest join the PEXA UK board; The Hill Group strengthens senior team
Draker expands with the opening of a third office
The letting agency has launched its new branch with a Let For Free campaign, giving each new client the first year’s introduction fees for free
Ground rents were neither legally or commercially necessary – NLC’s response
The National Leasehold Campaign has welcomed yesterday’s update from the Competition & Markets Authority (CMA)
Renters need protections beyond proposed ban of Section 21 evictions, say charities
Debt advice charities have written to Michael Gove urging him to prioritise the Renters (Reform) Bill in this parliamentary session and are calling for stronger protections for renters
CMA frees hundreds more leaseholders from costly contract terms
Hundreds of households freed from problematic ground rent terms after further CMA intervention