Finance
Winding down of stamp duty holiday will see ‘return to a sense of normality’
The market continues to show significant momentum.
News
Finance
New grant to help tenants ‘address their rent arrears and keep their tenancies’
New scheme to help people struggling to pay their rent during the pandemic.
Compliance
Right to Rent uncertainty ‘will inevitably cause problems for letting agents’
Non-compliance with the Right to Rent process comes with heavy fines.
Politics
Race for space ‘has overtaken the race to beat the stamp duty deadline’
Activity is still strong despite this first phase of the stamp duty holiday coming to an end in England.
Finance
Race is on for buyers to beat stamp duty deadline and save up to £15k
There have also been more than half a million residential property transactions in the last four months to 31 May 2021.
Finance
New partnership to provide deposit-free options for short-term rentals
This partnership is believed to be the first of its kind in the short-term rental sector.
Finance
No sign of stamp duty ‘cliff edge’ as property prices rise
The housing market has seen a real uptick in demand since the onset of the pandemic.
Finance
Buyers and sellers ‘now have a three-month window of opportunity’
Buyer demand is expected to remain strong even after the full stamp duty holiday ends this week.
Agency
Agents ‘have become heavily reliant on portals to generate leads’
An online presence is growing ever more important in estate agency.
Law
Landlords still have legal options despite eviction ban extension
Brokers told to make their clients aware of the legal avenues open to them.
People
Comings and Goings
Propertymark appoints two non-executive directors; Oliver Rodbourne steps into new role at Knight Frank; Rockwell promotes Nicholas Mee to MD
Finance
Insurer Hiscox agrees settlement with action group over Covid losses
A test case at the supreme court earlier this year found that six major insurers, including Hiscox, should make payments totalling about £1.2bn.
Agency
App update aims to ‘streamline leads for agents’
More than 100 estate agencies have signed up to the platform.
Lettings
Tenant demand hits all-time high in May
Mark Hayward, chief policy advisor, Propertymark: “We continue to see incredible demand from tenants.”
Finance
Renegotiations are underway as the stamp duty holiday deadline looms
Price renegotiations will already be underway between buyers and sellers in danger of missing Wednesday’s stamp duty holiday deadline, says Knight Frank.
Law
Agent exposes letting scam costing unsuspecting tenants thousands of pounds
A scam where fraudsters con would-be renters out of thousands of pounds by pretending to own properties has been exposed by an estate agent.
Politics
Propertymark disappointed after ‘Bill was rushed through without proper consultation’
Full details are yet to be revealed.
Acquisitions
Barrister links up with partner to acquire two-branch agency
Done deal: New co-owner is combining Bar work with sales and lettings.