x
By using this website, you agree to our use of cookies to enhance your experience.
KEYWORD "Profit" - 100 RESULTS
Business Boosting Benefits promised at latest Agent Rainmaker event

An industry online event which organisers claim bring business-boosting benefits to attendees, is back for another year. The ARX Mastery Challenge is...

28 March 2024

From: Breaking News

Bank aims to support building of new rental homes

NatWest Group has announced a new package of what it calls ”targeted lending and support” to help local councils provide more...

27 March 2024

From: Breaking News

Give tax perks to renters to help them buy, urges think-tank

A think tank is urging the UK government to consider tax perks for private renters to help them save faster for...

20 March 2024

From: Breaking News

Big customer satisfaction win follows agency’s eight year campaign

Knight Frank’s residential operation has won the ‘Best Customer Satisfaction Strategy Award’ at the UK Customer Satisfaction Awards 2024. The agency says its...

18 March 2024

From: Breaking News

New chair revealed for long-standing lettings industry group

safeagent, the UK’s largest not-for-profit accreditation scheme for lettings and management agents, has appointed John Midgley as chair of its board...

15 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

Prominent industry figure rejects need for agents to have degrees

The chief executive of industry not-for-profit accreditation service Safeagent, says agents do not require degrees to enter the sector or excel...

13 March 2024

From: Breaking News

Chancellor reveals property tax change in Budget

The Chancellor has used his Budget to confirm a 2p cut in National Insurance, from April 6. This will take it...

06 March 2024

From: Breaking News

Ethical Agent Network launches, promising to be ‘different’

A network uniting so-called ‘ethical agents’ launches today with a promise to be different from the rest of the industry. The Ethical...

04 March 2024

From: Breaking News

Agency acquires lettings portfolio from liquidated competitor

Glasgow agency Rosevale Letting has significantly increased its portfolio of managed properties after acquiring letting properties from a competitor, Ross Sales...

28 February 2024

From: Breaking News

PropTech: New Lettings Progression function for agents - and soon

Alto says it’s introducing new Lettings Progression functionality which will roll out in the first half of this year - so...

27 February 2024

From: Breaking News

Shelter lobbies politicians with ‘rental plan to end homelessness’

Shelter is calling for the construction of 90,000 rental properties each year for a decade - and it claims this would...

27 February 2024

From: Breaking News

PropTech player’s latest acquisition in bid to be one stop shop for agents

PropTech player Technology Blueprint Ltd has completed the integration of compliance software firm, CheckDocs.  The move is the first in a series...

21 February 2024

From: Breaking News

Union slams Bank decision as workers face high rents

A trades union has slammed the Bank of England over its decision to keep base rate at 5.25 per cent, saying...

02 February 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

Rental growth to decline this year warns muted Winkworth

Winkworth’s first trading statement of 2024 reveals that it saw a five per cent rise in rental revenues in 2023 -...

11 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

Council to borrow millions to buy homes for private rental exercise

A council is considering borrowing £50m to buy properties to rent on the private market and for affordable housing. West Norfolk council...

08 January 2024

From: Breaking News

North-focussed lettings agency reveals new London base

The Leeds- and Manchester-based North Property Group is opening a base in London.  NPG was founded by Oli Banks and Tim Coen...

05 January 2024

From: Breaking News

Short lets tax change this week just the first of many in 2024

Airbnb and other short let platforms are from this week required to send data on their clients’ earnings to HMRC. And a...

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

Homelessness charities receive thousands from agents’ carol concert

The Fine & Country Foundation’s Annual Carols by Candlelight concert, held in collaboration with King's College Cambridge, has raised £21,061. This will...

18 December 2023

From: Breaking News

Surveyors warn: Landlords can’t keep their heads above water

Private landlords are abandoning their property portfolios in unprecedented numbers, a group of surveyors claims. The Manchester-based chartered surveyors and auctioneers -...

14 December 2023

From: Breaking News

Two of PropTech’s biggest names announce merger

Two of the highest profile PropTech suppliers to the lettings and wider property sectors have announced a merger. Reapit and PayProp say...

05 December 2023

From: Breaking News

Controversial ex-Countrywide boss appointed to new post

Almost six years after her departure as chief executive of Countrywide, Alison Platt has been appointed to a new senior position. She...

30 November 2023

From: Breaking News

Affordability Crisis: rents near ceiling in some regions, index suggests

Affordability limits have been reached in several regions of the UK, the Home property website suggests. While some regions are still recording...

17 November 2023

From: Breaking News

Foxtons buys rival lettings service for £10m

Foxtons has snapped up London lettings agency Ludlow Thompson for £10m. Ludlow Thompson, founded 30 years ago, has seven branches in London, generating...

07 November 2023

From: Breaking News

Council lettings agency steps up bid to win private landlords

A council’s lettings service - first set up a decade ago - says it is stepping up its campaign to recruit...

31 October 2023

From: Breaking News

Foxtons figures fly for lettings, falter for sales

Not for the first time this year, a trading update from London-focussed agency Foxtons has shown that lettings is leading the...

30 October 2023

From: Breaking News

Renters Reform Bill - lettings firm breaks ranks with industry

A lettings and property management platform has broken ranks with much of the industry over the Renters Reform Bill.  While most agents...

26 October 2023

From: Breaking News

Agents urged to find buyers for landlords who want to sell up

A lettings industry mentor has issued a plea to agents to do more to protect their landlords’ livelihoods. Sally Lawson, founder of...

16 October 2023

From: Breaking News

Revealed - the best yields for investors near universities

Landlords wanting to make a healthy return from their investment should target student properties in the North of England and Scotland,...

11 October 2023

From: Breaking News

Letting agents accused of “profiteering” rent rises

A new manifesto calling for rent controls and a raft of other measures is accusing the current rent rises of being...

06 October 2023

From: Breaking News

Agent Reports Tenants In Tears as Landlords Quit Sector

Local media in one of Britain’s busiest cities for rentals says tenants have been left in tears as a result of...

03 October 2023

From: Breaking News

Good News - More landlords instruct letting agents

Increasing numbers of landlords are considering instructing lettings agents for the first time because of increased red tape and the complexity...

29 September 2023

From: Breaking News

Agency switches from residential despite strong lettings showing

Latest market data from LSL Property Services - which includes the Your Move and Reeds Rain brands - shows a 10...

28 September 2023

From: Breaking News

Cut-price properties tempting investment buyers, says accountancy chief

Some prospective buy to let landlords may be about to use their equity to snap up investment properties at discounted rates,...

27 September 2023

From: Breaking News

Agency group bucks the market thanks to turbocharged lettings

The Property Franchise Group has reported a bumper half year of trading with revenue at £13.2m and pre-tax profits up 11...

13 September 2023

From: Breaking News

Winkworth slump would be still worse without lettings growth

Lettings income has saved the bacon of franchise agency Winkworth after a sales slump hit profits.  A trading statement from the agency...

07 September 2023

From: Breaking News

MPs back to work but Renters Reform Bill clarity still awaited

Parliament resumes today following its summer recess but there is still a lack of detail on aspects of the Renters Reform...

04 September 2023

From: Breaking News

Agency’s new business model is ‘the future of the industry’ it claims

An established High Street agency has launched a “partner’ business model that it claims will be the future shape of the...

01 September 2023

From: Breaking News

Top Five Tenant Must Haves revealed by investment platform

A property investment group has released its latest research on the top five most searched for property features that UK renters...

31 August 2023

From: Breaking News

Belvoir’s new mortgage deals aim to boost property franchises

Belvoir has snapped up a regional mortgage provider for £1m. It’s acquired MAB (South West) Ltd and follows the earlier acquisition of...

30 August 2023

From: Breaking News

Spicerhaart to buy lettings businesses as veteran chief steps back

Spicerhaart’s veteran chief executive Paul Smith is stepping back to concentrate on company growth - including the acquisition of more lettings...

24 August 2023

From: Breaking News

Bank of England reveals latest interest rate decision

The Bank of England’s monetary policy committee has announced its decision on base rate. It will rise by 0.25 per cent to...

03 August 2023

From: Breaking News

Lettings division proves its worth in agency's big turnaround

A strong lettings division has allowed Foxtons to record strong growth in its latest trading statement, despite the challenging sales market. The...

28 July 2023

From: Breaking News

Legal warning over Renters Reform Bill impact on market

The looming threat of the abolition of Section 21 is already impacting the rental market, a legal firm is warning.  Dutton Gregory’s...

21 July 2023

From: Breaking News

Agents told to lobby MPs over Renters Reform Bill

It appears almost certain that the Second Reading of the Renters Reform Bill - expected some weeks ago - will not...

14 July 2023

From: Breaking News

Lettings the only bright spot as agency chain issues profits warning

The directors of Winkworth are warning shareholders of a challenging period thanks to higher and faster-raising interest rates - with only...

13 July 2023

From: Breaking News

OnTheMarket warns on downside of frantic lets market

OnTheMarket says the frantic lettings market of the past year or more is bad news for agents. In a trading statement to...

11 July 2023

From: Breaking News

Automated admin makes property maintenance easy with PayProp

PayProp is known for its award-winning rental payment platform, which combines bank-integrated client accounting with automation to save letting agencies time...

29 June 2023

From: Sponsored Content

Chancellor’s Crisis Meeting - pleas for rental help mount

Chancellor Jeremy Hunt is today charing a crisis meeting of mortgage lenders, as calls mount for him to take action to...

23 June 2023

From: Breaking News

Agency chain pledges higher profits following franchise switch

LSL Property Services - owner of the Reeds Rains and Your Move brands - says it’s movement of agency branches to...

26 May 2023

From: Breaking News

Law service takes swipe at “incompetent letting agents”

Landlords are urged to be cautious and do extensive research before signing up to a letting agent in the face of...

24 May 2023

From: Breaking News

Agent training service wins backing from exam watchdog

Not for profit accreditation service safeagent has seen two of its lettings qualifications officially recognised by exam watchdog Ofqual.  Safeagent as an...

19 May 2023

From: Breaking News

More Airbnbs than families on waiting lists - claim

A news service claims that in many UK cities there are now more entire homes listed on Airbnb than there are...

03 May 2023

From: Breaking News

How to attract landlords to your letting agency

As the unending attack on landlords continues, many are succumbing to the pressures of increased taxes, interest rates rising, regulations becoming...

18 April 2023

From: Marketing & Social Media

5 Reasons to outsource your client accounting

As a dedicated letting agent, or estate agent with a lettings portfolio, you already have a lot on your plate. Managing...

18 April 2023

From: Sponsored Content

New national lettings agency set up by Lloyds Banking Group

Lloyds Banking Group and homelessness charity Crisis have joined forces in a new two-year partnership including the establishment of a so-called...

18 April 2023

From: Breaking News

Funding exists for agency takeovers despite soaring rates - claim

A consultancy that handles lettings agency acquisition says funding options exist for companies wishing to buy others, despite rising interest rates. Lucy...

14 April 2023

From: Breaking News

Labour council tax freeze ‘not for empty buy to lets or second homes’

Labour’s much-publicised pledge to freeze council tax for the next year excludes empty buy to let properties and second homes it...

03 April 2023

From: Breaking News

Lettings fees give agency remarkable 26 years of profit growth

Belvoir has released another set of upbeat financial figures marking 26 successive years of profit growth. Group revenue increased 14 per cent...

28 March 2023

From: Breaking News

Agents react to Bank of England interest rate decision

The Bank of England has raised base rate by 0.25 per cent to 4.25 per cent - the highest level since...

24 March 2023

From: Breaking News

Agent tells Gove: cease attacks on private rental sector

A prominent lettings agent in the north of England has written to Housing Secretary Michael Gove urging him to cease attacking...

22 March 2023

From: Breaking News

Agents’ chance to think faster, sharper and better

Propertymark’s showcase event this year is to be addressed by a person who is a chartered psychologist, neuroscientist, science communicator, author...

15 March 2023

From: Breaking News

Why do people bother with buy to let? asks industry figure

Prominent industry figure Jonathan Rolande says: “It is hard to see why anyone would still want to buy to let given...

10 March 2023

From: Breaking News

Self-managing landlords ready to instruct agents - new report

The majority of private landlords would consider switching to a letting agency because of the current complexity of buy to let.  A...

09 March 2023

From: Breaking News

Foxtons relying on lettings for revenue as brand is reshaped

Foxtons’ latest trading statement suggests that it’s heavily reliant on lettings revenue as the sales market stutters and the whole company...

08 March 2023

From: Breaking News

Rightmove “driving the digitisation of the rental journey”

Rightmove says it’s helping to digitise the rental processes, making the process less fragmented and frustrating for agents.  In its trading statement...

06 March 2023

From: Breaking News

Lettings growth is bright spot for agency after big profits fall

Pre-tax profits for Connells Group have plummeted from £111.3m in 2021 to £67.5m last year - but its lettings division has...

02 March 2023

From: Breaking News

The top 5 things to prepare for when selling your business

Atomic Consultancy, the specialist acquisition management business, believes that 2023 is likely to present significant opportunities for those looking to sell...

10 February 2023

From: Sponsored Content

Agents contacted about CMP bank account compliance

Property accreditation service safeagent has written to all of its agents in England urging them to check legal requirements when setting...

08 February 2023

From: Breaking News

Disastrous Truss Budget still hurting market says leading lettings agency

Belvoir Group is continuing its long term success record but warns that the Liz Truss mini-Budget is still having a detrimental...

01 February 2023

From: Breaking News

Rent Controls won't solve housing crisis, experts warn

The housing crisis will be made worse by rent caps, two property experts have said. Various activist groups, much of the Green...

26 January 2023

From: Breaking News

Illegal sub-letting case ends with £34,000 for former tenant

A young family have started 2023 in their new permanent home after a London council recovered the property from an illegal...

20 January 2023

From: Breaking News

How to maximise your day-to-day team performance with PayProp

The private rented sector is enjoying record demand. According to Hometrack, rental enquiries per estate agency branch were 46% higher in...

16 January 2023

From: Sponsored Content

Reverse The Tax Threat - major agency backs petition

A high profile lettings agency has backed a petition demanding the reinstatement of tax relief for landlords. Benham and Reeves says it...

11 January 2023

From: Breaking News

Agency reveals major expansion with plans for more in 2023

The Stirling Ackroyd Group says it’s delivered 20 per cent revenue growth alongside the opening of five lettings and sales offices...

10 January 2023

From: Breaking News

Rent Freeze politician in war of words with Propertymark chief

Propertymark has become embroiled in a war of words with a Scottish politician who has made a series of anti-agent and...

04 January 2023

From: Breaking News

Award for agent who doubled fees and expanded his business

The founder of a Barnsley based lettings and property management company is celebrating transforming his business - and winning an award...

30 December 2022

From: Breaking News

Labour MP attacks Airbnb hosts for “exploiting” housing crisis

A Labour MP has attacked Airbnb hosts and others in the short lets business, accusing them of “this exploitation of housing...

08 December 2022

From: Breaking News

Ethical lettings service links with PropTech maintenance platform

A not-for-profit company that matches rental properties with vulnerable tenants in need of accommodation has partnered with a maintenance firm to...

30 November 2022

From: Breaking News

Lettings key to financial success of London franchise giant

A short trading statement from Stock Market-listed London agency chain Winkworth shows just how vital the lettings sector is to its...

23 November 2022

From: Breaking News

Agencies with banking disputes have three months to act

Small and medium sized lettings agencies which have had running disputes with banks are being offered a lifeline - but must...

21 November 2022

From: Breaking News

Rental Sector hit by surprise Capital Gains and Stamp Duty tax changes

Chancellor Jeremy Hunt has delivered his long-awaited Autumn Statement - the fiscal event which he says will lead to “all of...

17 November 2022

From: Breaking News

Buy To Let may be a busted flush, warns investment guru

A prominent figure in property investment is warning that buy to let is the sector facing the biggest challenges in the...

17 November 2022

From: Breaking News

Letting agents accused of pushing landlords into raising rents

A so-called Renters Union is organising a day of action after claiming letting agents are behind recent rent rises. London Renters Union...

14 November 2022

From: Breaking News

Propertymark chief exec pays high cost thanks to rogue tenant

It’s been revealed that Propertymark chief executive Nathan Emerson had to bear a huge £18,000 cost thanks to a rogue tenant. The...

24 October 2022

From: Breaking News

Big rise in buy to let companies - at least until tax increase

There’s been a big rise in the number of companies set up to hold buy to let, according to a survey...

24 October 2022

From: Breaking News

Warning to buy to let sector - yields are set to drop

The current higher interest rate environment and the temporary mortgage product withdrawals after the mini Budget will hurt future rental yields,...

21 October 2022

From: Breaking News

Jeremy Hunt won’t prevent “mass exodus” from rental sector - warning

Jeremy Hunt’s firm grasp of fiscal policy after the market turmoil of recent weeks won’t stop what one housing expert calls...

20 October 2022

From: Breaking News

Britain’s most controversial rental licensing - questions being asked

A scheme which some regard as the most controversial landlord licensing regime in the country is coming under scrutiny. Labour councillors on...

18 October 2022

From: Breaking News

Purplebricks returns to nasty agent-bashing with Commisery ads

What many believe to have been one of the nastiest TV adverts in recent years - Purplebricks’ attack on traditional agents’...

30 September 2022

From: Breaking News

Interest rate chaos threatens profitability of buy to let - top agency

Rising interest rates are eroding the profitability of buy to let for mortgaged landlords, says Connells-owned agency Hamptons.   It says that its...

28 September 2022

From: Breaking News

Rogue agent database must be expanded insists top industry figure

An accreditation scheme says the government database of rogue letting agents should be expanded.  The government is committed to creating a new Property...

27 September 2022

From: Breaking News

Experienced hands drafted in to avoid future Purplebricks blunders

More ‘old’ new faces have been drafted in to Purplebricks in a bid to improve its compliance and market performance. Last month...

15 September 2022

From: Breaking News

Thousand extra properties under management for franchise giant

The Property Franchise Group - which includes a host of High Street brands - saw a rise in managed properties of...

14 September 2022

From: Breaking News

Franchise veteran issues warning on future of lettings market

Winkworth’s latest figures to shareholders show that sales revenues have slumped badly - but lettings have boomed for the moment at...

08 September 2022

From: Breaking News

Lettings is big revenue-earner for growing franchise empire

New trading figures from the Belvoir Group show that lettings income accounts for 60 per cent of the total revenue in...

06 September 2022

From: Breaking News

MovePal MovePal MovePal