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Nested wins £37m more funding to expand out of London
Nested, the estate agent that advances up to 97% of a vendor’s asking price before they sell, has raised £36m in funding from venture capitalists. This is the largest funding round in Europe to date...
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MPs back move to add rental payments to tenants’ credit scores
Millions of tenants may soon be given a leg up onto the property ladder following a debate in parliament yesterday afternoon led by MP Paul Scully (pictured, right). An all-party selection of MPs sat...
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Build-to-rent developer adopts no-fees rental model
One of the UK’s largest build-to-rent landlords has moved to a no fees and lowered deposit model for tenants at its flagship development. Be:here, which is the build-to-let arm of developer Wilmott...
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Proptech experts Dearsley and Holmes invest in Hystreet
Hystreet, the start-up online listings service that enables high street agents to ‘go hybrid’, has signed up leading proptech consultants James Dearsley and Eddie Holmes. The pair, who run Proptech...
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Advertising watchdog says Purplebricks LPEs ARE ‘local’ and ‘expert’
Four complaints to the Advertising Standards Authority (ASA) that Purplebricks LPEs are neither ‘local’ nor ‘expert’ has been rejected by the watchdog. The complainants, who included Plymouth Trading...
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Is Airbnb more of a threat than Purplebricks?
Many traditional high street worry about the threat from online and hybrid agencies, but a new digital competitor is fast establishing itself too – the Airbnb management company. The biggest in the UK...
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Want to stop gazumping, Sajid Javid?
When Communities Secretary Sajid Javid earlier this week asked the industry for evidence on how to stop gazumping, reduce time wasting and increase commitment, little did he realise there is already a...
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ZPG founder Alex Chesterman buys Palm Beach mansion
ZPG CEO Alex Chesterman has splashed the cash with a new home in Palm Beach, Florida which he has bought for £6.6m. The property, which has five bedrooms and seven and a half bathrooms, is in what...
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A Question of Property: Russell Quirk, CEO of eMoov
Are online agents like yours really gaining market share? Yes, Rightmove figures show the share of online agents has increased from 2.5% in early 2015 to 6.5% today – that’s an increase of more than...
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Letting agents face £30k on-the-spot fines
Letting agents in one of London’s poorest boroughs face on-the-spot fines of up to £30,000 and will be forced to repay rents to tenants if they fail to manage properties to the required standards, it...
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House price growth stalls
HEADLINES Rightmove: “Mid-country hot-spots enjoy mini-boom in annual price growth.” naea | propertymark: “Summer slump as supply of houses available to buy dips.” RICS: “Price growth grinds to a...
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Who’s your agent, Theresa? PM joins the ranks of landlord MPs
There’s an agent somewhere in central London with a very special client and looking after a property with very high political connections. It has been revealed by Prime Minister Theresa May that she...
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Don’t worry about MEES regulations, leading energy supplier tells letting agents
The soon-to-be implemented tighter EPC regulations for rental properties will not be the headache that many letting agents and landlords have been worried about. That’s the claim made by rental...
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Buying into bricks and mortar
It may have begun with the 2014 press reports of the buy-to-let (BTL) millionaire Fergus Wilson’s eviction of tenants receiving housing benefit. It kept rolling with reports of his banning ‘coloured’,...
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What went wrong? Belvoir reveals merger with TPFG DID have green light
Belvoir has responded to the brush-off delivered by The Property Franchise Group (TPFG) on 19th October which said the merger of the two businesses “would not be in the best interests” of TPFG. TPFG...
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Draft Tenant Fees Bill is published
The government has this morning introduced its draft Tenant Fees Bill in parliament, which reveals the full details of its plans to make the charging of fees to tenants an offence, and to make it...
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The Negotiator Awards 2017 – the winners
Over 750 guests gathered to celebrate the very best residential property companies in the United Kingdom at The Negotiator Awards to celebrate the very best residential property companies in the United...
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Hybrid rollout is delivering results, claims Countrywide CEO
Countrywide CEO Alison Platt yesterday made a robust defence of the company’s recently-launched digital hybrid offering, saying it has improved the performance of the businesses within which it’s been...
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‘Half of landlords in the UK expecting fees rise after ban’
Half of all landlords in the UK expect their agent to pass on the costs of running their property after the draft Tenants Fees Bill becomes law next year, it has been revealed. The research, which was...
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Arun Estates signs with OnTheMarket ahead of AIM flotation
OnTheMarket (OTM) has signed its first NEW significant agency group following its decision in August to float on the London Stock Exchange AIM market and demutualise. Arun Estates, which encompasses...
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