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KEYWORD "Financial" - 100 RESULTS
Hate Crime - Anti-Second Home Posters reported to police

Anti-second home posters seen in parts of North Wales and on social media have been reported to the police as a...

16 May 2024

From: Breaking News

Pity The Poor Renter - analyst says tenants face tough conditions

An Office of National Statistics survey shows that the top three issues facing the UK are still the cost-of-living crisis (89%),...

16 May 2024

From: Breaking News

Rightmove Money-Making Machine set to hike agent fees again

Number one portal Rightmove has upgraded growth expectations in its latest statement to shareholders - and is again growing its average...

13 May 2024

From: Breaking News

Agents breathe sigh of relief as arrears fall

Propertymark says the lettings market is beginning to stabilise as rent arrears decrease. Propertymark member agents reported that on average, 2.5% of...

13 May 2024

From: Breaking News

Regional agency set up 28th branch after latest acquisition

North east England operator Pattinson Estate Agency is taking over another local rival firm. It’s acquired NS Bennett Estate Agents, in Stanley,...

10 May 2024

From: Breaking News

Under 25% of renters bother reading tenancy agreements

A new survey from law firm Weightmans has found that only 24% of renters read tenancy agreements.  It says this is largely...

09 May 2024

From: Breaking News

RICS: Landlord instructions in short supply as market slows

The latest RICS UK Residential Survey results suggests that tenant demand continues to lose momentum.  Alongside this, landlord instructions remain in short...

09 May 2024

From: Breaking News

OnTheMarket claims parity with Rightmove for new-build listings

It claims that “following a significant increase in the number of new homes advertised on the site” its new build listings...

08 May 2024

From: Breaking News

50,000 student rental beds in the pipeline - agency figures

Investment in UK purpose-built student accommodation in the first quarter of 2024 has been described as “robust.” A total of 21 transactions...

08 May 2024

From: Breaking News

Letting agent claims area is over-run with Airbnb-style short lets

A lettings agent who is also on the executive of Propertymark claims one of Britain’s tourist hotspots has been over-run with...

07 May 2024

From: Breaking News

Demand slows as agents warn about unsustainable rent rises

The latest market report from Propertymark’s lettings agents suggests the demand is slowing. The latest data - for March - shows that...

03 May 2024

From: Breaking News

Ground Rents defended by investors’ group

The ongoing debate over ground rents within Government is rapidly becoming a Parliamentary farce that could soon lead to an economic...

01 May 2024

From: Breaking News

Tory says councils lose out by levying second home taxes

A politician is claiming that second home council tax premiums, where owners pay up to double the normal rate, is resulting...

01 May 2024

From: Breaking News

Tax Alert - Agents can urge landlord clients to take part in pilot scheme

HMRC has launched a pilot for the proposed Making Tax Digital service for quarterly reporting - and agents can sign up...

26 April 2024

From: Breaking News

PropTech tool will help eviction process under Renters Reform Bill changes

A new communications log feature has been introduced by a PropTech supplier which allegedly makes it easier to gather evidence for...

25 April 2024

From: Breaking News

More tenants borrowing to fund deposits on next property - claim

The percentage of tenants borrowing money to fund their cash deposits on their next property has risen over the last 12...

25 April 2024

From: Breaking News

Agents proud of the industry…not so keen on the system

Some 83% of estate agents are proud of their profession, says a new survey. The poll of 1,728 estate agents, commissioned by...

25 April 2024

From: Breaking News

Big HMRC fines for agents prompt Anti-Money Laundering guidance

Recent substantial fines issued by HMRC are a harsh reminder to agents to ensure that their Anti-Money Laundering policies are up...

23 April 2024

From: Breaking News

Independent agency runs seminar series for new landlords

Top tips will be provided for landlords in the private rental market in a seminar next month organised by high profile...

22 April 2024

From: Breaking News

Looking for a client account? Five steps to better lettings banking

You don’t have to simply accept things as they are when it comes to managing your client accounts. If your bank...

19 April 2024

From: Sponsored Content

Lettings chief claims “renting negatively impacts life”

A prominent supplier of deposit alternatives to lettings agents has come out and said that “renting negatively impacts quality of life,...

19 April 2024

From: Breaking News

Deposit Alternative service plays up ‘unaffordable’ rents

A deposit alternative service claims the cost of rent has outpaced salary growth by 5.2% over the past 10 years, leaving...

18 April 2024

From: Breaking News

Foxtons To Be Sold? Media speculation grows

Lettings giant Foxtons has hired merger and acquisition bankers from Rothschild following pressure from shareholders to sell itself for £160m, the...

15 April 2024

From: Breaking News

Reform Bill isn’t stopping buy to let investment claims agency boss

A prominent lettings agency claims the Renters Reform Bill is not proving a deterrent to buy to let investors. The Leaders Romans...

15 April 2024

From: Breaking News

How Knight Frank sees it - market update from research guru

It feels as though the UK housing market is waiting for something to happen. The prevailing mood is one of anticipation with...

15 April 2024

From: Breaking News

Agents must work with (not against) those wanting regulation - call

A prominent PropTech entrepreneur is urging agents and other in the property industry to engage with those wishing to introduce regulation...

12 April 2024

From: Breaking News

Business Boost - Landlord champion urges more use of lettings agents

Landlords’ champion Paul Shamplina says more landlords should use lettings agents, who he describes as their “allies” in the battle to...

10 April 2024

From: Breaking News

OnTheMarket expansion continues as it signs large multi-branch agency

Seymours, one of the largest independent agency networks operating in the South East of England, is to advertise its lettings and sales...

09 April 2024

From: Breaking News

Agents should help “hard-pressed tenants” urges industry figure

A deposit alternative company is calling on agents to help tenants save an average of £1,000 on up-front costs. Flatfair chief executive...

04 April 2024

From: Breaking News

Agency warns on landlords’ and tenants’ differing rent expectations

Prime London rental values ticked up 0.3% over the first three months of 2024, according to Savills, as the market continues...

04 April 2024

From: Breaking News

Massive PropTech boost from Rightmove and finance institutions

Lloyds Banking Group, Nationwide, NatWest and Rightmove have announced a strategic investment in Coadjute, a prominent PropTech business.  This is the first...

03 April 2024

From: Breaking News

Father and Son win big at agency awards ceremony

The Belvoir 2024 Annual Awards have crowded a father-and-son franchisee pairing as the big winners. Paul Wallace-Tarry and his son Richard Wallace-Tarry...

28 March 2024

From: Breaking News

Renting cheaper than owning for most first time buyers says Halifax

For first time buyers, renting is cheaper than buying in most of the UK according to new data from the Halifax.  London, the...

27 March 2024

From: Breaking News

Agent demands end of bizarre rule making tenants pay stamp duty

A prominent lettings agent is calling for an end to what he calls the “archaic” system under which some tenants end...

22 March 2024

From: Breaking News

Complaints About Agents - huge rise in compensation

There’s been a large rise in complaints and a huge increase in compensation according to figures out today from the Property...

18 March 2024

From: Breaking News

Tory ex-housing minister quits, claiming he was a success

A former housing minister responsible for the sell off of huge numbers of social homes has told the Prime Minister he...

18 March 2024

From: Breaking News

Family-owned agency signs up to deposit alternative supplier

Family-owned agency Boydens has signed a deal to offer deposit alternative service Reposit to landlord clients. Paul Buck, a representative of Boydens,...

14 March 2024

From: Breaking News

Passive income from buy to let is a myth, warns legal expert

New and past landlords tempted back to Buy to Let have been warned - passive income from property isn’t easy.  This is...

14 March 2024

From: Breaking News

Banks Closing Pooled Client Accounts - agents urge government action

Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...

13 March 2024

From: Breaking News

Right To Buy cash ‘stolen’ by government will worsen rental crisis

An umbrella group called London Councils has expressed “extreme concern” at the government’s decision to stop letting local authorities keep money...

13 March 2024

From: Breaking News

New Banking Scandal as thousands of agency accounts are closed

A Parliamentary committee has heard that thousands of small and medium-sized letting agencies were debanked in 2023, with financial institutions forcibly...

11 March 2024

From: Breaking News

Most would-be buyers say they cannot afford an open-market home

A survey from property portal Share to Buy suggests that over three quarters of buyers believe they cannot afford to purchase...

11 March 2024

From: Breaking News

PropTech sector gives a thumbs down to lacklustre Budget

The PropTech sector has mostly agreed with the rest of the industry in its view on yesterday’s Budget - that it...

07 March 2024

From: Breaking News

Business Rates - Agency warns Hunt he has last chance to get them right

The Chancellor has one last chance to come good on the election promise of lowering the burden of business rates –...

06 March 2024

From: Breaking News

Nationwide demands four tax changes to help the private rental sector

Nationwide has taken the unusual step of using its buy to let lending arm - The Mortgage Works - to make...

05 March 2024

From: Breaking News

Older Persons charity hits out over Renters Reform Bill rumours

A charity providing support for older people facing financial hardship has hit out at the government over rumours concerning the Renters...

05 March 2024

From: Breaking News

London still attracts rental investors despite 'disjointed' market

A prominent property expert who runs a buying and property management service for high end clients says London still attracts international...

01 March 2024

From: Breaking News

Industry supplier claims sharp spike in arrears

Data released from Reposit, a deposit alternative service, reveals what it calls “a concerning surge in rent arrears” during the final...

29 February 2024

From: Breaking News

One in nine renters using foodbanks - industry supplier’s claim

A lettings industry supplier claims one in nine renters use foodbanks. A survey of tenants, commissioned by Zero Deposit, found that just...

22 February 2024

From: Breaking News

Renters’ resilience dropping - analyst’s warning

Renters are less financially resilient than recent remortgagers according to an analysis by business consultants Hargreaves Lansdown. It says over two thirds...

21 February 2024

From: Breaking News

Leaders Romans Group recruits heavyweight to lead financial services surge

Tom Davies has started with Leaders Romans Group as the company’s first group financial services managing director. This new position coincides with...

20 February 2024

From: Breaking News

High profile lettings agency chain sets minimum qualification goal

Belvoir Group has linked up with Propertymark in a deal which they say will “help further improve standards and enhance financial...

14 February 2024

From: Breaking News

Rental scams could soar as AI spreads, warns industry figure

A prominent industry expert says lettings agents and other property sector insiders should be extra-vigilant over cybersecurity breaches. Neil Cobbold, managing director...

12 February 2024

From: Breaking News

Fast-expanding agency reveals 10th acquisition in six years

Expanding agency group My Property Box has completed its 10th acquisition in six years, buying Teesside lettings and property investment specialist...

08 February 2024

From: Breaking News

OnTheMarket president welcomes latest lettings agency  to drop Zoopla

Lettings agency Edward Mellor, which operates its 15 branches across Greater Manchester, has signed up to OnTheMarket. This follows the controversial CoStar...

07 February 2024

From: Breaking News

AI - many agents are optimistic about Artificial Intelligence

Almost half of more than 400 letting agents quizzed for a new study have expressed their optimism about the impact of...

06 February 2024

From: Breaking News

Rents Shock - they’ve fallen for the past three months

New data released by insurance firm HomeLet claims that average rents have fallen now for three months on the bounce. The past...

05 February 2024

From: Breaking News

Rightmove snaps up rental-focussed reviews website

A five year old consumer reviews website has been acquired by Rightmove. Homeviews was set up in 2019 and at the time...

02 February 2024

From: Breaking News

Stamp Duty slump is a pre-Budget blow for Chancellor

Stamp duty receipts dipped four per cent to £2.4 billion in Q3 of last year - no less than 25 per...

01 February 2024

From: Breaking News

Third of agents seeing rent rises even at weakest time of year

Over a third of ARLA Propertymark members reported in December that rental prices have increased, according to their latest Housing Insight...

31 January 2024

From: Breaking News

Over-50 year old first time buyers show significant increase

There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means...

30 January 2024

From: Breaking News

Foxtons heavily reliant on lettings to stay in the black

Foxtons’ unaudited end-of-year trading statement makes no bones about it - the lettings division saved the agency’s bacon in 2023. It suffered...

26 January 2024

From: Breaking News

Labour bid to regulate agents welcomed by major industry body

The Property Institute has welcomed a Labour Party move to introduce the regulation of property agents across much of the sector. Tabled...

25 January 2024

From: Breaking News

Government takes stake in property investment PropTech platform

The UK government has taken an equity stake in the rental investment platform Shojin through the conversion of a pandemic-era loan...

24 January 2024

From: Breaking News

Thousands of lettings agencies in financial distress - new figures

Thousands of lettings and estate agencies, and other property businesses, are in ‘critical’ or ‘significant’ financial distress, it’s been claimed. The latest...

23 January 2024

From: Breaking News

Row over government bid to turn renters into first time buyers

Controversy surrounds a government idea - floated over the weekend - to allow renters to secure mortgages with just one per...

22 January 2024

From: Breaking News

Double digit annual rent inflation for five quarters in a row

Average rents in Scotland for new tenancies in the private rented sector have risen by double digits for the fifth quarter...

19 January 2024

From: Breaking News

Huge £150m investment into student renting by financial services giant

Aviva Investors, the global asset management business of Aviva plc, has spent some £150m acquiring a portfolio of six Purpose Built...

19 January 2024

From: Breaking News

Famous agency ditches HQ for new base and a contemplation room

Strutt & Parker is leaving its HQ to share premises with other parts of its parent company - and to have a...

18 January 2024

From: Breaking News

Lettings agency strategy change is slap in the face for Zoopla

A large multi-brand lettings agency group is dropping its listings on Zoopla and instead going to list rental properties on OnTheMarket...

17 January 2024

From: Breaking News

Big mortgage rate cuts likely this year - agency revises forecast

Knight Frank has revised its housing market forecasts for 2024, just two weeks into the new year. It’s done this on the...

15 January 2024

From: Breaking News

Breakthrough allows rent payments to be reported to credit agencies

The long-running aspiration of many to allow rental payments to be counted towards credit ratings appears to have taken a step...

15 January 2024

From: Breaking News

Tenants itemise top three priorities in new survey

A survey by one of the industry’s deposit alternative services, flatfair, shows that - unsurprisingly - over 61 per cent rank...

12 January 2024

From: Breaking News

Two of the largest lettings agencies propose to merge

The Property Franchise Group, the UK's largest property franchise brand, wants to merge with long-time rival Belvoir. Both are listed on the...

10 January 2024

From: Breaking News

Lettings agency was front for multi million pound drugs gang

An organised crime group involved in producing and distributing an estimated £2.4m of cannabis has been found to have e used...

10 January 2024

From: Breaking News

Neil Cobbold, Managing Director at PayProp UK

Who are you and what does it say on your business card? Neil Cobbold, Managing Director What is PayProp and what does it...

08 January 2024

From: 60 Second Interview

Seven Tips this lettings agency is giving its landlord clients

Online rental platform Lettingaproperty is telling landlords to take a strategic approach to property management in 2024, to help navigate legislative...

08 January 2024

From: Breaking News

Propertymark sits on the fence over first time buyer controversy

Propertymark has stepped into the row over a bank chief’s comments on first time buyers. Sir Howard Davies, chairman of NatWest, responded...

08 January 2024

From: Breaking News

Savills reveals which buy to let region it tips for best returns

Residential buy to let in the North West of England, London industrial property and retail warehouses are set to be the...

04 January 2024

From: Breaking News

Over 700 CPO homes let by government along doomed HS2 rail line

Newspaper report claims some 710 properties have been put into the private rental market by the government - and they are...

03 January 2024

From: Breaking News

Labour will keep Right To Buy in England if it wins election

Labour says it will keep the controversal Right To Buy policy in England if it wins this year’s General Election. This is...

02 January 2024

From: Breaking News

Agent Alert - Housing Ombudsman warns of scams across sector

The Housing Ombudsman - currently active in the social housing sector but tipped to take a wider role involving private renting...

29 December 2023

From: Breaking News

Insurance Register must be free to use to help rental sector - ARLA

ARLA Propertymark has responded to the Scottish Parliament’s examination of the Housing (Cladding Remediation) (Scotland) Bill, calling for clarity on contributions...

29 December 2023

From: Breaking News

Foreign ownership property registration scheme hailed a success

A register launched to shed light on overseas property ownership in the UK now has over 30,000 registrations.  The Register of Overseas...

27 December 2023

From: Breaking News

Recent rise in buy to let landlords quitting, confirms Bank of England

A new Bank of England survey has confirmed a growing outflow of landlords from the private rental sector since 2020. The Bank’s...

22 December 2023

From: Breaking News

Rental Sector Won't Become Energy Efficient without Incentives - claim

Propertymark has urged the government to do more to help the country’s most vulnerable citizens heat their homes.   Office for National Statistics...

19 December 2023

From: Breaking News

Scrapping Section 21 can’t come quickly enough, says charity

Homelessness charity Crisis says the long-standing government pledge to scrap Section 21 eviction powers can’t come soon enough. The charity has backed...

19 December 2023

From: Breaking News

More guarantors demanded as economy slump goes on

An analysis of tenants renting between 2020 and 2023 shows a big rise in those on high salaries asked to provide...

19 December 2023

From: Breaking News

Fairer Rental Sector is key Propertymark demand for Budget

Propertymark has laid out its proposals to the Scottish Government ahead of its 2024-25 Budget next week. The letting agents’ trade body...

15 December 2023

From: Breaking News

Local Housing Allowance - call for even more help for low-income renters

Low-income renters will get a boost next spring - but a pressure group wants more government help for this sector. The Chancellor’s...

12 December 2023

From: Breaking News

Councils enforcing rental licensing are on brink of bankruptcy

Scores of councils that enforce licensing regimes on the private rental sector claim they are on the verge of bankruptcy. Almost one...

08 December 2023

From: Breaking News

Energy Efficiency - owners all at sea over where to start

Almost two in five UK owners - landlords and homeowners - now consider improving the energy efficiency of their property an...

08 December 2023

From: Breaking News

Letting Agent Thief sentenced after stealing over £128,000

A thieving lettings agent stole over £128,000 which should have gone to landlord clients - and with it she funded an...

07 December 2023

From: Breaking News

Agency reveals Management Buy Out and names leadership team

The partners of high end agency and property consultancy Cluttons have announced the completion of a management buyout.  James Gray continues as...

06 December 2023

From: Breaking News

Another holiday lets area council slaps tax surcharge on second homes

Second homes in the area of Essex known as Tendring - including popular holiday lets resort Frinton on Sea and the...

01 December 2023

From: Breaking News

Trading Standards reveal details of new Material Information requirements

Parts B and C of the process to improve material information disclosure in property listings are published today within comprehensive new guidance...

30 November 2023

From: Breaking News

Agent says second home clampdown is no answer to long-term shortage

The long-term shortage of rental accommodation is now addressed by a short-term clampdown on second homes and empty properties, a leading...

30 November 2023

From: Breaking News

Belvoir agents have access to private rental licensing data

Franchise giant Belvoir is the latest agency group to sign a deal with geospatial technology firm Kamma. The partnership will offer all...

29 November 2023

From: Breaking News

Rental growth to slow as supply catches up with demand

An agency has issued its rental market forecast for 2024. Chestertons says rents are forecast to have increased by 6.5 per cent...

28 November 2023

From: Breaking News

New energy efficiency U-turn welcomed by leading agency

It looks like more politicians are preparing a U-turn on energy efficiency rules for the private rental sector. Media reports indicate there...

24 November 2023

From: Breaking News

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