BREAKING NEWS – top 5 stories 10/03/2021

Estate Agent Networking Breaking News

FINANCE CHIEF OF PROPERTYMARK RESIGNS – SEVEN DEPARTURES IN 10 MONTHS

Following on from our reporting yesterday Kate Hawkins Chief Finance Officer has resigned to ‘seek other opportunities’.

Also a non-executive Helen Herniman has resigned, this means that in the last 10 months;- the Chair has left, David Cox has left, Mark Hayward has left, a new CEO Tim Balcon was appointed and left in five months, an interim CEO Nathan Emerson is in place, Kirsty Finney left six months into her role, Kate Hawkins and now Helen Herniman has gone, and Mark Hayward has returned with a new title.

Do members feel that this organisation is fit for purpose?

In its annual accounts 2019, it states. ‘The Finance department has undergone a major review of its processes, systems and procedures. As part of gaining that financial stability we have identified that our tax position was not properly ordered and that has led to a significant payment to HM Revenue and Customs of outstanding VAT which has arisen through mis-definition of our liabilities and exemptions over a number of years.’

It is hard to see how Properymark can present itself as an organisation that helps agents ‘regulate’ themselves, teaches agents to be financially competent, and be the choice for ‘government’ as the driving force for any changes in statutes.

VAT fraud can mean a custodial sentence, fine and often directors are struck off; as well as HMRC in the future taking a particular interest in companies who ‘forgot to pay the VAT’. Who was at the helm, who knew, how much was underpaid, was there a fine? Surely members are entitled to know the truth.

BAN ON EVICTIONS IN SCOTLAND EXTENDED UNTIL END OF SEPTEMBER

In line with other temporary eviction bans, Scotland has now confirmed that the temporary stopping of evictions will extend until the end of the present Furlough scheme in the UK.

GOVERNMENT INJECTS CASH TO FUND TRAINING OF 500 ASSESSORS TO SORT CLADDING

The government has earmarked nearly three quarters of a million pounds to assist in the training of 500 extra specialists who can help to quantify the problems caused by the cladding scandal. At present there simply are not enough assessors to sign off buildings, which means mortgage lenders will not lend, trapping tens of thousands of homeowners nationally. It is hoped that this inniative will fill the ‘skill gap’ and help all stakeholders.

CONNELLS CONTINUES TO BUY UP AGENCY BRANDS

It seems that there is no end to Connells strategy of buying the market as it has just announced the purchase of the three-branch independent Holroyds in Yorkshire, clearly Skipton building society have very deep pockets.

COMPLETIONS UP BY 24% IN JANURARY 2021

Unsurprisingly the amount of completions recorded at HMRC showed a huge uptick, by nearly a quarter of the volume, previously recorded, the official figure was over 121,000. It will be interesting to see with the new SDLT holiday deadline – the end of June, if a similar peaking of completions takes place through the year, throwing out the usual seasonal ebb and flow of the 1.1M annual completions.

 

If you have a view – please let us all know by emailing me at [email protected] – Andrew Stanton Executive Editor – moving property and proptech forward.

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via [email protected]

You May Also Enjoy

Estate Agent Talk

How to Buy a Property in Today’s Competitive Market

Introduction It is common knowledge that the current real estate market is thriving, particularly in Florida. It is always highly in demand, and prices are rising due to the influx of people by the hundreds of thousands and even the millions. You are now perplexed about how you will ever be able to buy a…
Read More
US Flag
Breaking News

Is the state of Georgia a good place to retire?

Introduction Florida and Georgia have been friendly rivals for a long time, probably most famously on the football field where the universities of the two states compete against one another yearly. But Florida and Georgia are also engaged in a fresh competition over which state offers a superior environment for retirees. You are lucky since…
Read More
Overseas Property

Moving to Vancouver: Is living in Vancouver pricey?

Introduction One of the cities in Canada and all of North America with the highest population density in Vancouver. It is the most culturally and linguistically diverse city in Canada and the third-largest metropolitan area in the country. Since 2014, the city has been the permanent location for TED conferences and has hosted several international…
Read More
how to present your property for sale
Overseas Property

The Top 5 Real Estate Agents in Mississauga

Looking for a real estate agent in Mississauga? Look no further! We have compiled a list of the top 5 agents in the city, based on their experience and success rate. Whether you are looking to buy or sell property, these agents will be able to help you achieve your goals. Contact one of them…
Read More
Finance

Real Estate Copywriting Guide: 5 Tips For More Sales

Content related to real estate takes an important place in the thematic sections of copywriting. People always buy, sell or rent housing, which means this topic never loses relevance. However, real estate content cannot be called simple, but if you want big sales, you need to improve in this area, and you can learn how…
Read More
Breaking News

BREAKING PROPERTY NEWS – 05/08/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Half of tenants who fear never owning own home face uphill battle in pet-averse rented sector New research from animal welfare charity Battersea reveals that one in two tenants fear they will never buy a home, with the growing number of lifetime renters significantly…
Read More