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KEYWORD "Financial" - 100 RESULTS
Eight young PropTech firms get boost through ‘scale-up’ investment

Eight fledgling UK PropTech have been selected for the Propertymark-linked  REACH UK 2024 technology scale-up program. The REACH UK program, launched in March...

03 September 2024

From: Breaking News

Propertymark backs bank's bid to turn renters into first time buyers

Propertymasrk has thrown its weight behind Lloyds Banking Group making £2 billion of lending available to first time buyers borrowing more...

30 August 2024

From: Breaking News

Council bid to run private lettings agency ends in failure

A lettings agency set up by a council to buy properties on the open market and let them at open market...

27 August 2024

From: Breaking News

Knight Frank forecast for mainstream and prime lettings markets

Knight Frank has set out its forecast for the rental sector for the rest of 2024 - notwithstanding political uncertainty. In the...

27 August 2024

From: Breaking News

Labour bid to turn renters into owners will fail, warns finance firm

New Freedom of Information (FOI) data from the Financial Conduct Authority shows that Labour’s plan to introduce a ‘Freedom to Buy’...

22 August 2024

From: Breaking News

Agent’s alarm call to politicians - change course on rent controls

One of the UK’s most high profile lettings agents is calling on politicians to change course on rent controls. David Alexander of...

22 August 2024

From: Breaking News

Planning consent may be needed for small HMOs in part of London

A Labour council in London is seeking much greater control over the creation of so-called ‘small HMOs’. Lambeth council wants anyone creating a...

21 August 2024

From: Breaking News

Agents slam politicians for new law allowing rent controls

Propertymark has come out with a strongly-worded statement accusing politicians in the Scottish Parliament of ignoring the industry’s views on rent...

20 August 2024

From: Breaking News

Tenants in ‘misery’ thanks to high rents - claim

New figures showing no slowdown in the rate of private rental inflation is just additional “misery” for tenants, a leading financial...

16 August 2024

From: Breaking News

Arrears reach new high, says deposit alternative supplier

Average rent arrears claims reached £2,092 in the second quarter of this year - a rise of 15% from £1,816 in...

16 August 2024

From: Breaking News

Which rental properties will NEVER reach government EPC targets?

Hamptons lettings agency says it’s calculated what types of homes will be simply unable to be improved to reach the government...

13 August 2024

From: Breaking News

Labour threat is sapping lettings confidence, claims Knight Frank

Just as the prospect of tax rises in the Budget is causing uncertainty in the prime London sales market, so Labour’s...

13 August 2024

From: Breaking News

PropTech platform to manage vast lettings portfolio

PropTech management platform Lavanda is to be used to manage the vast 68,000-bed portfolio of Unite Students, the UK’s largest purpose...

13 August 2024

From: Breaking News

Finance chief says rent controls ‘not the answer to lettings crisis’

Kate Davies, executive director of the Intermediary Mortgage Lenders Association (IMLA), says rent controls are not the magic answer to problems...

12 August 2024

From: Breaking News

Purplebricks backs Labour plans ‘because rental sector is a mess’

The chief executive of Purplebricks says he’s backing Labour’s house building plans because of the state of the private rental sector.  Sam...

08 August 2024

From: Breaking News

Online lettings operation woos landlords with sub-£40 deal

A relaunched online lettings agency operation is offering lettings listings deals to landlords from £39.50. The little known Essex-based Griffin Property Co...

07 August 2024

From: Breaking News

Stricter EPC targets for private rental sector ‘must come with cash help’

Propertymark says stricter rules for EPC ratings in the private rental sector must be backed up with incentives and financial support. The...

06 August 2024

From: Breaking News

Tories’ Section 24 tax change leaves some “with precarious finances”

A report from Propertymark has laid out the stark and in some cases unforeseen consequence of the Conservative government’s phased removal...

05 August 2024

From: Breaking News

Connells says: “No sign of landlords quitting buy to let sector”

In a statement which appears to go against the trend of much of the lettings sector, Connells says it sees no...

05 August 2024

From: Breaking News

US-style agency signs up with US-owned OnTheMarket

An agency has signed up to OnTheMarket, claiming the portal progress since being taken over by a US firm was the...

02 August 2024

From: Breaking News

Stealth Tax strikes property once again, claims financial expert

New figures show the average inheritance tax (IHT) bill in 2021/22  rose to a new high of £215,000.  The number of estates...

02 August 2024

From: Breaking News

Homes Under The Hammer 'should warn people about buy to let'

An investment expert says TV property shows - especially episodes recorded some time ago - should carry warnings about soaring buy...

30 July 2024

From: Breaking News

Co-living and Build To Rent link-up for deposit alternative service

Deposit alternative service flatfair has entered a partnership with Fresh, a Build To Rent and co-living operator. Instead of paying a traditional...

30 July 2024

From: Breaking News

Agency boss claims tenants miss holidays because of high rents

The boss of a rental flatshare agency claims tenants are sacrificing summer holidays because of high rents. Matt Hutchinson, director of the...

25 July 2024

From: Breaking News

Tenants consider co-buying with friends or family members, says bank

Some 51% of young first-time buyers are willing to consider so-called ‘non-traditional routes’ to move out of renting and onto the...

25 July 2024

From: Breaking News

Revolution! Agents could represent buyers AND sellers

A prominent industry trainer is working with a fledgling sales agency to launch what it calls a “buyer representation programme” -...

24 July 2024

From: Breaking News

Half of tenants living with damp or mould - charity’s claim

Citizens Advice claims that 45% of private renters in England are currently experiencing damp, mould or excessive cold in their home,...

24 July 2024

From: Breaking News

Ending S21 is fine says leading agent - but safeguards needed

The government’s renewed pledge to end Section 21 eviction powers for agents and landlords is fine, a leading industry figure has...

18 July 2024

From: Breaking News

Tenants get agents’ advice on how to “jump the rental queue”

A lettings agency is offering tenants guidance on what it calls “how to jump the rental queue.” Benham and Reeves outlines a...

17 July 2024

From: Breaking News

100+ Businesses have made this their next big thing!

B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses Onboard! B-hive Block Management Partners, part of the Vegner Group, who...

16 July 2024

From: Sponsored Content

Financial services supremo joins board of safeagent

An executive with four decades of experience in the insurance sector has joined the board of accreditation service safeagent as a...

12 July 2024

From: Breaking News

Agents warn Rayner - “don’t scrap Section 21 without a replacement”

Propertymark has warned Labour’s Deputy Prime Minister against scrapping Section 21 eviction powers without an adequate replacement. If Angela Rayner does fulfil...

11 July 2024

From: Breaking News

Knight Frank warns Labour not to push Rental Reform too far

Knight Frank says the incoming Labour government faces a potential clash between what is politically desirable and economically possible, in terms...

08 July 2024

From: Breaking News

Labour has a mandate to help renters become buyers - PropTech claim

The incoming Labour government has a social mandate to support the next generation of homeowners in the UK, says financial PropTech...

05 July 2024

From: Breaking News

Warning - ‘new normal’ interest rates to be far higher than before

Although much focus is on the Bank of England and when it will begin to cut interest rates, a sobering warning...

01 July 2024

From: Breaking News

Lettings drives huge profits surge for 27-branch agency chain

London agency chain Dexters has reported a huge 23% rise in revenue to £181m - and much of that rise is...

26 June 2024

From: Breaking News

Experts warn against corporates monopolising private rentals

The decision of property developer Berkeley Group to enter the private rental sector is bad news for tenants, it’s claimed. Berkeley plans...

25 June 2024

From: Breaking News

Bidding Wars - letting agents mostly to blame, says campaigner

A ban on so-called bidding wars, which Labour now proposes, would have to include letting agents as well as landlords a...

24 June 2024

From: Breaking News

Energy group slams “irresponsible” criticism of EPCs and assessors

The Property Energy Professionals Association - a trade group representing accreditation schemes for energy assessors - is complaining that it’s not...

21 June 2024

From: Breaking News

Soaring Council Tax Arrears prompts call for new bailiff rules

Outstanding council tax arrears have soared according to new government figures. Data from he Department for Levelling Up, Housing and Communities shows...

21 June 2024

From: Breaking News

Interest Rate Decision announced by Bank of England

The Bank of England has kept base interest rate at 5.25%. Some industry figures hoped for a cut following yesterday’s inflation news,...

20 June 2024

From: Breaking News

Deposit Alternative service predicts student rental rush

Deposit alternative supplier flatfair says it’s seen a 30% year-on-year increase in No Deposit tenancies. It also claims 14% more landlords are...

20 June 2024

From: Breaking News

On-Sale Agency hosting Election Impacts Webinar

Fine & Country - the agency which was recently put up for sale - is hosting a webinar next week to...

20 June 2024

From: Breaking News

Agents join call for Radical Reform of inaccurate EPCs

Letting agents’ trade body Propertymark has backed a call by consumer group Which? for radical reforms to Energy Performance Certificates. Yesterday we...

19 June 2024

From: Breaking News

Rogue agency bosses fined after HMO licence controversy

Three directors from two letting agencies and a landlord have been fined £27,500 after failing to secure the appropriate license for...

19 June 2024

From: Breaking News

Renting Still Cheaper Than Buying with a 5% Deposit

Would-be buyers with a 5% deposit face paying £300 per month more in mortgage repayments than if they continued renting, says...

19 June 2024

From: Breaking News

Energy Performance Certificates slammed as “inaccurate”

Energy Performance Certificates can be riddled with inaccuracies and give unhelpful advice to property owners. That’s the view of consumer service Which? Which?...

18 June 2024

From: Breaking News

‘No Interest Rate Cut This Summer’ after bad news from government

Any lingering hope of a pre-election interest rate cut by the Bank of England has been hurt by the government’s Office...

12 June 2024

From: Breaking News

Renters increasingly reconciled to not owning a home in future

Data sourced from millions of bank accounts reveals spending on rent and mortgages increased 6.3 per cent year-on-year in May. Barclays data...

11 June 2024

From: Breaking News

Rental Tax Change - Short Lets sector warned of possible losses

An accountancy firm is warning those using Airbnb and similar short let platforms that new tax rules mean they could lose...

10 June 2024

From: Breaking News

Agent pleads with landlords to believe in buy to let

The director of a London lettings agency says buy to let landlords are entitled to feel downtrodden but claims it’s still...

07 June 2024

From: Breaking News

Councils ‘must take over ex-private rental Right To Buy flats’

A pro-tenant group wants the next government to take Right To Buy properties back to public ownership when they come up...

05 June 2024

From: Breaking News

Lloyds Bank rental property initiative signs PropTech deal

Citra Living, the Build To Rent offshoot of Lloyds Banking Group, continues with its growth strategy into the private rental sector. Citra...

04 June 2024

From: Breaking News

Vote Labour, says high profile lettings industry figure

The chief executive of Goodlord, the prominent PropTech supplier to the lettings sector, has been revealed as one of the 121...

29 May 2024

From: Breaking News

Beef Up Renters Reform Bill to stop even more evictions - call

A charity claims that new official figures on rent rises will “create more worry among private renters.” StepChange charity is referring to...

23 May 2024

From: Breaking News

Emoov, pioneer online agency, acquired by small family business

A low profile family company called the Griffin Property Company has acquired Emoov, the online agency which was a pioneering name...

22 May 2024

From: Breaking News

Shock figures show half of tenants struggle to find next home

Half of all tenants who moved during the past 12 months found it ‘difficult’ or ‘very difficult’ to secure a new...

22 May 2024

From: Breaking News

Tenants Renewing on Existing Contracts hit with high rent rises - new data

Tenants renewing an existing contracts have been faced with high rent rises according to Hamptons lettings agency. It says they rose 8.3%...

21 May 2024

From: Breaking News

Yes to Regulation and No to Rent Controls - Propertymark

Propertymark wants Northern Ireland’s Department for Communities to regulate property agents via professional bodies such as itself. The Department for Communities is...

20 May 2024

From: Breaking News

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

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