Santander withdraws mortgage deals as market turmoil continues
Santander has temporarily withdrawn all new business due to market conditions
News Archive
Almost 4,000 agents have taken Propertymark Qualifications’ this year
Propertymark Qualifications’ are available across the UK
Estate agents fined for breaching anti-money laundering rules
Estate agents dominate the latest list of businesses that have not complied with the regulations
Estate agents are overpricing by considerable margin, new data suggests
Charlie Lamdin, founder of BestAgent, says that that some estate agents are prepared to overvalue in order to gain an instruction
Growing concern as more lenders follow HSBC and pull mortgage deals
Banks and building societies have withdrawn a high number of mortgage deals, restricting options for buyers
Agent ordered to pay almost £50,000 for serious fire safety breaches
This is not the first time Monsoon Properties Limited has been prosecuted
Stamp duty reform, letting, and truth about sales transactions
Stamp duty; the state of the letting market, and an eye on sales volumes
Inflated asking prices doubling time it takes to sell a home
Properties requiring two reductions are likely to spend over six months on the market, says estate agency
Fewer would-be-tenants flying the nest as rents soar
The share of renters leaving the family home has been steadily declining across the UK since 2015
Homeowners hit with £7,000-a-year ‘Tory mortgage penalty’, Labour claims
Analysis by Labour found the average homeowner is spending an extra £150 every week since Liz Truss’s and Kwasi Kwarteng’s infamous mini-Budget in September
Well-established estate agency goes into liquidation
The estate agency business failed to recover after struggling during the pandemic
HSBC pulls all its mortgage deals for new customers
Banks and building societies have pulled hundreds of mortgage deals in recent weeks
Chestertons acquires high-profile estate agency
The deal follows a number of other recent acquisitions by Chestertons, including Henry & James, Morgan Randall, London Residential and Snell & Snell
What is actually happening in the UK housing market?
Chris Watkin’s special guest this week on the ‘UK Property Market Stats Show’ is Kristian Stott
Despite signs of recovery, government is failing homeowners and buyers
Various reports indicate the UK property market is showing signs of recovery, but Simon Gerrard, MD of Martyn Gerrard and past-president of NAEA Propertymark, suggests otherwise
Comings & Goings
Snippets of industry news: Chestertons strengthens with new sales director; Cheffins expands planning division; Wyatt Homes appoints new MD
Homeowners laden with mortgage debt in the run up to retirement
The cost of debt is now centre stage, and millions may be having to rethink their retirement plans
Businesses face ‘ongoing challenges’ in maintaining effective AML compliance
The results of survey highlight the ongoing challenges that businesses face in maintaining effective AML compliance