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January 8, 2019

On the fiddle: Massive buy to let fraud exposed in court

The Daily Mail has reported on a massive buy to let fiddle which involved a £10.8m property empire, rents totalling £500,000 a year, and money laundering.The report details how corrupt conveyancing solicitor Ross McKay worked with buy to let criminal… Read Full Article
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January 3, 2019

Rightmove wants to buy back its shares – is it priced too cheaply?

Rightmove has launched a share buy-back programme to run until late next month, February. Companies buy back their own shares to keep up or further boost the share price, by reducing the number of shares in circulation; this approach is… Read Full Article
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January 3, 2019

Housing minister makes it clear: “We must deliver in 2019”

The housing minister has made it clear that his government – and the property industry as a whole – must deliver more new homes in 2019. In an online New Year’s message, Kit Malthouse says the five months since he… Read Full Article
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December 31, 2018

Rightmove enjoys record visits on Boxing Day as market resumes

Early figures suggest record numbers of people visited Rightmove just after Christmas, giving renewed hope that the market may step up a gear in 2019. Over the weekend between Christmas and New Year, Rightmove tweeted that it enjoyed 25,147,701 pages… Read Full Article
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December 24, 2018

Phil Spencer slams developers over leasehold houses

Developers have continued to sell thousands of new-build houses with leaseholds, despite a government pledge to ban the “unscrupulous” practice a year ago. The claim is made by Move IQ, Phil Spencer’s property advice site. Official data shows that the… Read Full Article
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December 21, 2018

Bum rap: Honey G ‘sacked’ as an estate agent

Infamous X Factor rapper Honey G, who just last week was lauded for becoming an estate agent, now says she’s been sacked … for being too famous. According to The Sun (so it must be true) Honey G claims that… Read Full Article
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December 19, 2018

Stamp duty first time buyer help massively favours south of England

More than 75 per cent of first time buyers have benefited from the changes to stamp duty thresholds for introduced a year ago – but the measure is hugely more helpful to purchasers in the south of England than to… Read Full Article
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December 12, 2018

Massive fraud committed by three London letting agents

Three letting agents who failed to return tenants’ deposits or pass on rent payments to landlords have been convicted of fraud by a jury after a five-week trial. The men, who ran companies in Islington and neighbouring London boroughs using… Read Full Article
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December 11, 2018

Housing market ‘stuck in low gear for some months to come’

One of the country’s most influential bodies says house price rises over 2019 will be limited to around two per cent – but if the UK crashes out of the EU without a deal, prices will fall modestly next year.… Read Full Article
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December 11, 2018

Big rise in tenants sourcing properties through letting agents

The number of tenants saying they are using letting agents to find a place to live has increased 12 per cent in the past year claims Zoopla. It says 48 per cent of tenants used a letting agent to source… Read Full Article
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December 11, 2018

Labour claims it was behind the deposit cap dropping to five weeks

Labour claims it was the driving force behind the government’s decision to cap tenants’ security deposits from six weeks to five for annual rentals under £50,000; the measure is today back in the House of Lords for debate. The government… Read Full Article
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December 10, 2018

Three point plan tells government how to make housing affordable

Some 79 per cent of landlords are only servicing the interest on their mortgages, not paying down their loans, according to the National Landlords Association. This statistic has prompted the NLA to examine the narrative that tenants are just paying… Read Full Article
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December 10, 2018

Rightmove, Zoopla and OTM denounced as “corporate dinosaurs”

The head of the portal PropertyMutual has accused Rightmove, Zoopla and OnTheMarket of being “corporate dinosaurs” and has called on agents to instead join his platform. “The corporate portals do what you might expect of them – optimise investor value… Read Full Article
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December 10, 2018

Emoov: Legal action considered over crowdfunding, claims paper

The Times reports that crowdfunding investors are considering legal action following the collapse of Emoov. The investors in question appear to be some of the individuals who put forward almost £2m to the defunct agency when it staged its most… Read Full Article
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December 10, 2018

Zoopla trials Property Valuation Report concept ‘to win leads’

Zoopla claims a new Property Valuation Report being trialled in nine areas will win more leads for agents. The PVR will use information gathered by Zoopla’s data service Hometrack to provide what it calls “unique, up-to-date, and exclusive local market… Read Full Article