Acquisitions
Comings & Goings
Snippets of property industry news: Acquisitions taking place in the Midlands and the North-East
News
Finance
OnTheMarket offers management fee protection insurance for members
Solution to protects agents’ managed income against tenants defaulting on their rent
Charity
Fine & Country Foundation reaches £100,000 milestone
Foundation has helped many charities including the Disasters Emergency Committee to assist those impacted by the conflict in the Ukraine
Agency
Agents may not be having ‘necessary conversations’ with vendors of unsold properties
Home sellers in the south-east are most likely to reduce their asking price to find a buyer
Finance
easyproperty operating company publishes accounts showing effect of £800k loan
Latest accounts show company had net liabilities of over £900,000
Acquisitions
Management buyout at multi-branch West Midlands agency
Established managing director heads up new board at 19 branch agency
Lettings
171% increase in tenant enquiries – Chestertons
There are now 24% more tenants choosing to extend their lease than in 2019
Law
Failure to repair water leak lands landlord in hot water
Lewisham Council took landlord to court after they failed to heed repair notice
Other News
Buyers likely to use cost of ‘green improvements’ to negotiate home buying discounts – Rightmove
Improving the EPC rating of a property can lead to increased selling prices, says UK's largest property portal
Agency
Quadruple celebration for South-East agency
Multiple accomplishments for firm as founder marks 40 years in agency
Lettings
Canopy and Housing Hand announce new partnership
Companies project to reduce the barriers to private renting.
Agency
Virtual tours marketing company slammed by agent for introducing ‘scandalous’ charge
Customer denied ongoing access to their virual tours unless they pay an extra charge
Acquisitions
Sale of Hose Rhodes Dickson to LRG confirmed
EYE's breaking news story from last week confirmed as accurate
Compliance
RICS wants government to drop review scrutiny ‘to avoid duplication’.
Action might be taken if the governance of RICS is deemed to not be operating effectively.
Lettings
UK rents rose by the largest quarterly increase in 15 years – DPS
North-east England leads the rent rise league table
Acquisitions
Acquisition adds hundreds of lettings to group’s already-massive portfolio
Linley & Simpson consolidates its presence in Yorkshire heartland
Law
Will new disclosure rules deter foreign buyers?
"Property in the UK represents an exciting opportunity for foreign buyers because of the drop in the value of the pound"
Compliance
Loophole exposes new-build homebuyers to Japanese knotweed risk
Brownfield site developments may harbour risks from invasive plant species