Posts by Andrew Stanton
BREAKING NEWS – 5 top stories 12/02/2021
LSL STRATEGY TO MOVE DEEPER INTO DIGITAL LENDING QUICKENS LSL property services, which has a broad portfolio of operations has now gained ownership of Mortgage Gym a digital platform that used code to dice and slice the acceptability of those in need of house funding. Mortgage Gym had previously gone into administration at a point…
Read MoreBREAKING NEWS – 5 top stories 11/02/2021
GOVERNMENT FUDGE CLADDING ISSUE 3.5BN into the war chest to help the cladding problem for high rise properties, leaves a huge swathe of lower lying properties in the mire, with loans to these stakeholders who have to fit the bill; a very partial solution to a huge crisis. Jenrick the housing secretary has responded to…
Read MoreDigital Identities – Government Publishes Draft Rules
Having been deeply interested in the need for a defined digital ‘truth’ around ID, especially in the real estate vertical, it is great to see that Stuart Young, a friend and whose work I am a great admirer of, together with a number of stakeholders and of course the government are now at tipping point…
Read MoreBREAKING NEWS – 5 top stories 10/02/2021
CLADDING CRISIS DEEPENS The cladding crisis, a problem where buildings are not fit for purpose due to their construction methods and materials, and a change in thinking following the Grenfell disaster is now becoming more intense. With a government spat likely to kick off later today, the housing minister wants to keep the lid on…
Read MoreRightmove, Making All The Wrong Moves …
£100 to £140 a month as a baseline increase in the Rightmove charges per branch. If you do the mathematics is taking an average £120 x 12 = £1,440 year. If there are 18,500 branches that is £1,440 x 18,500 = 26.6M. I am sure some corporates and larger agencies may not get hit with…
Read MoreBREAKING NEWS – 5 top stories 09/02/2021
RIGHTMOVE DEFENDS PRICE INCREASES BY STATING IT IS GIVING ENHANCED SERVICES With even more agents saying they are being faced with a 10% increase in their fees to Rightmove, the portal is now pushing the agenda that they are offering enhanced services to agents. Having now been contacted by over 300 agents, I think that…
Read MoreWhy do Chancellors Tamper with Property Taxation?
At present we are seven weeks away from, yet another government led housing market Armageddon, in over 35 years in the property industry I have seen quite a few, maybe it is time to ask why? I refer to the SDLT ‘holiday’ that Rishi Sunak announced, that was the starting pistol for the present buying…
Read MoreBREAKING NEWS – 5 top stories 08/02/2021
NATIONAL RESIDENTIAL LANDLORDS ASSOCIATION CALLS FOR REDUCTION IN SDLT Ben Beadle the reactive and sensible voice of lettings, and CEO of NRLA, has asked that the government look again at removing the additional tax that Landlord’s pay when buying investment property. Citing it increases rental prices as its cost has to be mitigated, also it…
Read MoreRightmove tells Agents ‘Let them eat Cake’
Estate agents trading from premises with locked doors or from home are being hit with large new demands from Rightmove, as they have increased their baseline pricing model for at least one agent by over 11%. In essence Rightmove covered a 30M loss, when they put on hold the revenue, they would normally get from…
Read MoreBREAKING NEWS – 5 top stories 05/02/2021
RIGHTMOVE HIKES PRICE TO AT LEAST ONE AGENT BY 11% AND MAYBE GAINS MILLIONS We have had sight of a notice from Rightmove that the baseline monthly subscription fee will be rising by 11.27%, a £140 monthly hike, as agents have had such a bumper year in 2020. Doing the mathematics if this type of…
Read MoreBREAKING NEWS – 5 top stories 04/02/2021
BARRATT HOMEBUILDER REVENUE INCREASES BY 10% IN LAST SIX MONTHS The head of the national housebuilders chief, David Thomas has reported growth in the past six months, and foresees that by June their year end completions will be at a comfortable level, ‘I would like to say a huge thank you to all of our…
Read MoreBREAKING NEWS – 5 top stories 03/02/2021
IS THE HOUSING MARKET STALLING? New analysis by a major lender is suggesting that the Propertymark in residential sales could be hitting the buffers, the economic advisor Robert Gardner for Nationwide building society has been quoted as saying that the muted January market, ‘reflects a tapering of demand ahead of the end of the stamp…
Read MoreBREAKING NEWS – 5 top stories 02/02/2021
GOVERNMENT DEBATE EXTENSION OF SDLT HOLIDAY There was a general consensus by those giving evidence, at the live debate yesterday that constituents and MP’s were generally in favour of an extension or tapering of stamp duty, though having watched the debate it again reminded me that the most informed individuals, people who are reading this…
Read MoreWhat does Connells strategic partnership with ZPG mean?
It has just been announced that Connells, which may double in size if it absorbs Countrywide has created a deeper tie with the Zoopla portal owned by ZPG, with a tie up for the next five years. In what looks to be a mutually beneficial collaboration, the agency group will get the benefit of the…
Read MoreBREAKING NEWS – 5 top stories 01/02/2021
SDLT HOLIDAY EXTENSION DEBATED TODAY At 4.30 pm today the government will debate an extension to the ‘stamp duty’ holiday, the petition seeks to extend the present non-payment of the tax in its present form until the 31st of September. With Lockdown 3.0 and a large number of properties set to miss the present deadline, many…
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