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Binding offers to be tried out, says housing minister
The government has revealed that it is to begin a field trial of a binding standard reservation agreement that all buyers and sellers will have to sign at the start of the conveyancing process....
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Are High Street branches becoming less relevant?
To understand why High Street agents are relevant now and will continue to be, lies with what a consumer is buying. We’re not talking towel bales from BHS or a USB cable from Maplin (RIP) but life’s...
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Number of estate agents disputing ‘dual fees’ jumps, says ombudsman
The number of disputes handled by The Property Ombudsman concerning estate agents squabbling over dual fees increased by 50% during 2018 compared to the year before, it has been revealed. TPO says it...
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‘Stop landlords using no-fault evictions during first three years of tenancy’
Landlords should be stopped from selling their homes and evicting their tenants during the first three years of a tenancy, an influential think tank has recommended. The Institute for Public Policy...
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Couple ejected from rented property after having baby
A couple renting in Oxford have gone public over a case involving a threatened ‘no fault’ Section 21 eviction from their rented home that highlights the ongoing problems with the legislation....
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Regional report
BIRMINGHAM STATS: Average Sale Price: £275,000 Average Rental price: £750 pcm Average commission sales: 1.30% letting and property management 8% Lisa Hunt, New Homes Director Maguire Jackson The...
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How do they do it? Online lettings platform offers £35-a-month ‘premium’ service
Rental proptech platform RentalStep has launched a ‘premium’ property management service for landlords priced at just £35 a month including listings on Rightmove and Zoopla. The figure is surprising...
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Sotheby’s welcomes Jason Corbett
Jason Corbett United Kingdom Sotheby’s International Realty, part of the global Sotheby’s International Realty network, has appointed Jason Corbett as Director of Country Sales & Lettings. Jason,...
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Compulsory electrical checks must not be introduced this year, says ARLA
Rented homes will soon have to undergo ‘tough’ new electrical safety checks every five years, it has been announced by housing minister Heather Wheeler. But ARLA has told the government that any new...
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Charismatic industry star and TV pundit Michael O’Flaherty dies
Renowned estate agent, media pundit and father of two Michael O’Flaherty has died aged 70. His death has been described as a ‘tragic loss’ in a statement released by his employer Sequence, where he...
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Is your estate agency branch in a Brexit busting city?
As uncertainty continues over Brexit and Theresa May prepares to return to Brussels to hammer out a new deal, house price research shows many cities outside London have shrugged off the Brexit blues....
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Bang on!
Some auctioneers are certainly trying to make it happen. Toby Limbrick, Director, Network Auctions, says, “If auctions are now two per cent of the market, as an auctioneer I’m quite interested in the...
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Letting agency removes fees claim within listings after complaint to...
A letting agent on the Isle of Wight has agreed not to repeat claims that it charges ‘no application fees’ when it does after being reported to the Advertising Standards Authority. A complainant...
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Blame Boris! Central London transactions slump by a third during final months...
Property sales transactions in central London dropped by nearly a third during the final months of 2018, research by Winkworth has revealed. The estate agency chain says this is likely to have been...
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Exclusive pix: London estate agent opens hub and closes all its branches
West London estate agency Orchards is the latest to embrace hubs after closing its four branches in West London and relocating the business and its staff to a single open-plan office. Orchards is...
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In pictures: Weston Homes opens £12 million house building factory in Essex
The era of the factory-built house has kicked off in earnest after building giant Weston Homes’ £12 million, 75,000 sq ft house-building factory in Essex opened for business today. West Homes claims...
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Tenant fees ban impact will less than expected, says major estate agency group
Franchised estate agency giant Belvoir says the impact of the tenant fees ban will be less than it had initially expected and will reduce its gross profits by 6% initially, and then by just 3% after...
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Are ‘reservation agreements’ folly or farsighted?
The Government has announced that it will trial ‘reservation agreements’ this year. Although this is an admirable move, it is not clear as to how these will work in practice. The principle is sound,...
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What happens after the tenant fees ban?
If ever there was a year of reckoning for the letting agency market, this is it. The full ramifications of the tenant fees ban will be seen in June but the proposed legislation is fairly clear and we...
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Housing crisis now hurting UK businesses, research reveals
Three quarters of senior business leaders believe the housing crisis is impacting their company’s performance, shocking research by Strutt & Parker reveals, highlighting how the ‘broken’ housing...
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