First time buyers take four in 10 mortgages since market resumes
Today is one month since the government lifted restrictions on agents and the housing market – and since that time the largest increase in business has been for mortgages.
Trellows Investments
High-profile husband-and-wife agents move to rival company
Rupert and Annabel Wakley – both long-time stalwarts of Knight Frank’s country department – have moved over to the rival Jackson-Stops agency.
Rightmove to enhance online viewing features in roll-out to agents
Rightmove has contacted all member agents saying it has enhanced its automated online viewing feature first introduced in April.
Delay property tax change until market revives, experts tell government
A taxation institute is urging the government to delay Capital Gains Tax changes relating to housing transactions until the virus crisis ends.
Sales progression app now used by 1,000 agency branches
PropTech supplier mio says it now has over 1,000 agency branches using its sales progression platform – and it’s recruited Countrywide to issue a testimonial for the service.
Downsizers should get stamp duty cuts just like first timers – call
Family houses are under-occupied and only incentives to downsize can help improve the housing market – with a stamp duty cut being one of the most obvious.
Mortgage holiday could add £1,331 to a mortgage, owners warned
The financial services industry’s much-hyped mortgage holiday scheme, heavily endorsed by the government, could cost home owners hundreds of pounds in extra payments it is claimed.
Housing Secretary Jenrick in hot water again as he admits bias
Housing Secretary Robert Jenrick – accused by some of breaking the lockdown some weeks ago – is now in more hot water after the government accepted that a key planning decision he made was biased.
‘Furlough could wreck housing market’ – warning to government
The government is jeopardising the success of the housing market relaunch through the inflexibility of the furlough scheme, claims a group of agents, conveyancers, valuers and other property professionals.
London’s largest lockdown deal is coup for high-end agency
High-end agency Beauchamp Estates is claiming to have bagged the capital’s biggest deal during the lockdown period – a mansion which has sold for £15.45m.