BREAKING NEWS – 5 top stories 20/01/2021

January 20, 2021
Estate Agent Networking Breaking News

SDLT DEBATE IN PARLIAMENT – GOVERNMENT PUTS THE BRAKES ON

It would appear that there will NOT be a debate in parliament regarding extension to the Stamp Duty Debate, as no debates triggered by a petition of over 100,000 signatures are being debated in the house.

So, time for those who want to see action to contact their MP’s directly, or hope that Rishi the Chancellor will on the 3rd of March take pity on the 125,000 plus who are going to miss the deadline – and in some way tweak the system, expect more twists, and turns.

EXTENSION ON BAN OF REPOSSESSIONS UNTIL 1st APRIL

As reported on before, it has now been confirmed that due to Covid, repossessions will be halted until the 1st of April, unless the defaulting mortgagee accepts that the repossession should move ahead.

CONNELLS SUPPORTS ‘MIND’ THE MENTAL HEALTH CHARITY

In a sign of the times the rank and file of Connells has voted to donate to, and support Mind the mental health charity.

David Plumtree GCE, commented that the charity choice, ‘was the overwhelming consensus, as it is a cause that has really resonated with our workforce, especially at this time where current events have forced us to recognise any issues with the mental health of ourselves and those close to us’

ANOTHER UMBRELLA AGENCY MODEL ROLLS OUT

A new enterprise launches, The Agency (UK) the work of an experienced team, Stephanie Walker, Mark Bruce, and Andy Vass, based on the concept of having local agents working their patch, with proptech assisting their growth.

WILL 2022 SEE A SWATHE OF REPOSSESSIONS?

With the only certainty at present, being there is no certainty a study published last month shows a modelling where in 2022 repossessions could be TEN times the current annual level. https://www.ukfinance.org.uk/system/files/20201208-Mortgage-Market-Forecasts-2021-2022.pdf

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate.

You May Also Enjoy

Damaged timber from Dry Rot
Estate Agent Talk

Mould and damp – what you need to know ahead of winter

With the winter months just round the corner, problems with damp and mould can become far more prominent. Autumntime is when many people turn on central heating systems and choose to close windows, preventing fresh air ventilation needed to allow damp air to leave a property. Unfortunately, the combination of warm and damp air can…
Read More →
Breaking News

Rental price and average salary tracker – September 2025

London and South East see biggest dips in required rental salary year-on-year London and the South East saw the sharpest dips year-on-year in the average salary needed in order to rent the average home in that area. London saw a 4.2% drop, whilst the South East saw a decline of 2.9%. Yorkshire and Humberside saw…
Read More →
buying at auction uk
Breaking News

The cities where buying beats renting – with just a 5% deposit

British first-time buyer mortgage payments are typically 17% cheaper than renting, even with a low 5% deposit The average 5% deposit is £11,412 based on a typical first-time buyer property price of £228,233 Among major cities outside London, the biggest gap between owning and renting is in Glasgow, where buyers could save more than £4,750…
Read More →
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Rates Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.51% +0.00% -0.37% 5-year fixed 4.55% +0.01% +0.01%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.77% +0.05% -0.07% 5-year fixed 3.97% +0.10% +0.29%   Average…
Read More →
Rightmove logo
Breaking News

Data and commentary from Rightmove on stamp duty reforms

Colleen Babcock, Rightmove’s property expert said: “We’ve been calling for stamp duty reform for some time now, as it’s a significant barrier for many people moving home. Abolishing it completely would remove one of the biggest barriers to moving, unlocking more moves at all stages of the property ladder. “Our data shows that only 5%…
Read More →
Breaking News

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1…
Read More →