Finance
Mortgage arrears rise sharply with landlords hardest hit
There was a 7% quarter-on-quarter rise in homeowner mortgages in arrears in Q3 2023, fresh data shows
News
Other News
The rise of Build to Rent beyond major cities – but slowdown in London
The build-to-rent (BTR) sector grew 11% year-on-year at the end of Q3 2023, the latest figures show
Charity
Fundraiser for ‘industry legend’ who is being treated for liver cancer
Industry encouraged to send good wishes and donate to fund-raising for Simon Whale, who is facing a major operation today
Acquisitions
Disgruntled investor issues open letter urging shareholders of OnTheMarket to reject takeover deal
OnTheMarket deny the claims made in the letter, and have issued a statement
Finance
BTL landlords continue to flee the market
More than a third of buy-to-let landlords plan to sell property in the next 12 months
Acquisitions
Well-known franchisee continues expansion with acquisition of independent estate agency
Estate agency franchise opens seventh office in the county after completing purchase
Agency
Family-run estate agency eyes growth after merger
The new estate agency brand launches this month with a new website and look and feel
Acquisitions
Property investment firm launch US-style estate agency arm
The new sales set-up complements the existing investment, lettings and mortgage departments run by the firm
People
Comings & Goings
Snippets of industry news: Knight Frank appoints new head of lettings; Former Colliers director joins LCP; Barratt hires new head of sales and marketing
Acquisitions
National property consultancy completes third acquisition of the year
The company now employs more than 400 people
Other News
Pace of UK house price falls ‘showing signs of steadying’
RICS said surveyors expected sales volumes to decline further over the coming three months, but to be broadly stable over the year to come
People
Savills named in top 75 of Social Mobility Employer Index 2023
The SMF Employer Index is the definitive benchmark of organisations committed to improving social mobility in the workplace
Agency
Best Estate Agent Guide Awards: And the winners are…
Congratulations to agents and industry suppliers
Finance
House price falls past ‘peak pain’ as Savills upgrades five-year growth forecast
Interest rates appear to have peaked and the worst of the house prices falls look to be behind us
Law
Government lays out plans for leasehold reform – industry reactions
A Leasehold & Freehold Bill will go before Parliament, with a view to banning leaseholds for new houses, and increase the standard lease extension period from 90 to 990 years
Agency
New invite-only estate agency group launched
Premier Agents is an invitation-only group of estate agents who have been selected based on strict criteria
Other News
Major housebuilder to cut headcount by 700 jobs amid housing slowdown
The housebuilder has reported a fall in completions of 37% as the housing sector continues to struggle
Finance
New interest-free mortgage support scheme offered for struggling homeowners
The scheme will provide an option for homeowners who are at serious risk of losing their home by offering a partial repayment of an existing mortgage balance via a low-cost equity loan
Other News
Are there tentative signs of a recovery as UK house prices rise?
The supply-demand imbalance places upward pressure on house prices
Other News
Housing market update: house prices, rental growth, transactions, and future trends
Despite the uncertainties, the UK property market remains resilient