News Archive

The Bank of England is poised to relax mortgage lending rules introduced in the wake of the financial crisis, but economists warn it risks sparking a housing bubble.

Three estate agency franchises have been named in the prestigious Elite Franchise Top 100.

There is a total of nine awards including three categories that learners, agents, employers and training providers from up and down the country submitted nominations for.

Property sales were halted last month when IT systems at the Simplify group, which delivers conveyancing services for several estate agents, were hit by a cyber-attack.

Chairman Michael Nettleton: “Nock Deighton are unearthing more than 100 fresh landlord leads a month.”

Snippets of industry news: Cluttons names new equity partner; Galliard CEO quits; Purplebricks’ departing CMO agrees new role

Several process improvements have been identified that could help speed up the sale and purchase of property.

Reports suggest Rishi Sunak is proposing to reduce the basic rate of income tax from 20% to 18%”, but this merely “manipulates the tax system for political gain”, says tax expert.

Kamma CEO Orla Shields: “This partnership enables us to put key answers to questions of regulation and compliance into the hands of key decision-makers.”

Most homebuyers think they know how much they can afford when it comes to buying a property, but the reality is that many don’t, according to research among agents.

Manchester-based Thornley Groves, part of the Lomond group, has secured another brace of strategic acquisitions.

Snippets of industry news: Karuzaite joins Strutt & Parker from Savills; Spicerhaart names new lettings director; Sprift appoints former estate agent

New study shows most sellers visited an agent’s website before appointing them, while just 20% of home movers changed from one agent to another during the sales process.

A petition calling for a ban on referral fees paid to estate agents has failed to meet its target of 500 signatures.

Lloyds Banking Group plans to drive a new phase of growth based in part on an expansion of its property business, with plans to buy and rent out homes across the UK.

The widening supply-demand imbalance is placing upward pressure on house prices.

Paul Collins was the fourth franchisee to sign up to the Belvoir network, which now has more than 300 offices nationwide.

There are currently more than 5,300 mortgage products on offer, a level not reached since March 2008.

Ben Carter: “It may have been short but it has been very sweet. I’m moving on from Purplebricks.”

More than 150,000 people have attended these industry training courses since 1987, but a decision has been made to suspend them indefinitely owed in part to Covid.