BREAKING NEWS – top 5 stories 13/05/2021

Estate Agent Networking Breaking News

THE OPEN PARTNERSHIP £19BN OF MORTGAGES LAST YEAR, ALREADY £5.7BN IN Q1 2021

Staggeringly, TOP did nearly £6BN of mortgages from January to March this year, which is a standout record. The big question is will the bubble burst as we see a tailing off of activity in the housing sector? Obviously re-mortgage business will be extremely healthy, but with Furlough likely to be over in September, and the SDLT holiday fully over, will the tail end of 2021 be quite such a rosy tale?

BAILIFF EVICTIONS FOR TENANTS GIVEN TENTATIVE SANCTION TO MOVE FORWARD SOON

There is to be a stepped strategy to deal with over a year’s worth of activity through the courts with regard to tenancy evictions.

Christopher Pincher Housing Minister, has pushed through inniatives that will see evictions re-commence in a little over three-weeks. This measure will dovetail with new measures reducing eviction periods that landlords need to give by two months to only four-months.

And Section 21 notices will fall inside the parameters of this new strategy, which many Landlord’s and other bodies had felt would not be the case.

NO RENTERS REFORM BILL IN QUEENS SPEECH – WILL A WHITEPAPER HAVE TO DO?

Despite huge pressure being applied the long trailed ‘RRB’ missed the cut on the recent menu of new legislation that will be coming before the house. There will though be consultation. Think pickings for all of those pundits who had predicted a different outcome.

NEW NON-EXC CHAIR TO BE INSTALLED AT REDROW IN SEPTEMBER

It has just been announced that Richard Akers will now be the new non-executive Chair of Redrow taking up the position at the start of Q3 2021.

AND STILL THE SHORTGAGE OF NEW INVENTORY TO MARKET CONTINUES

‘If we had them, we could sell them’, a direct quote from a large independent agent. The market may well be buoyant but with a distinct lack of stock coming onto agent’s books there could be real problems in the months to come as completions may be thinner on the ground than many would want.

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

Breaking News

New financial sanctions reporting obligations will apply to all letting agents

From 14 May 2025, financial sanctions reporting obligations will apply to all letting agents working throughout the UK as amended guidance and regulations made by the Office of Financial Sanctions Implementation (OFSI) come into force. Letting agents need to be aware that in contrast to the Money Laundering Regulations, the reporting obligations will apply to…
Read More
Estate Agent Talk

Can You Make Purchasing A Property Easier For Yourself?

Can you make purchasing property easier for yourself? Yes, you can. Despite what some people may think, there are various ways in which you can make yourself a more attractive buyer, and put yourself in a better position to be accepted for things like mortgages. It takes a fair amount of work though, and you’re…
Read More
Love or Hate Rightmove
Breaking News

Rightmove House Price Index: Decade-high choice to benefit Spring buyers who miss stamp duty deadline

  The average price of property coming to market for sale rises by 1.1% (+£3,876) this month to £371,870, in line with the long-term March average increase, as many new sellers price sensibly amid decade-high competition to sell: While new Spring buyers will not beat this month’s stamp duty deadline, they will benefit from the…
Read More
Love or Hate Rightmove
Breaking News

Searches surge for Moclín in Spain due to Amanda and Alan’s Spanish Job

Searches for Moclín, an area in the province of Granada in Spain, have surged due to the programme Amanda & Alan’s Spanish Job, hosted by Amanda Holden & Alan Carr The increase from 104 searches at this time in 2024, to more than 85,000 in 2025, equates to a more than 800 times surge in searches It is…
Read More
AI in estate agency letting agency property
MarketingProptech News

AI Services for UK Estate & Letting Agents:

Firstly, let us fully understand what AI is and how it can help within the UK estate and letting agency industry – Is it all that it’s cracked up to be as such?! It’s all about artificial intelligence operations of which most take over from and surpass human involvement: “Artificial intelligence refers to the capability…
Read More
Breaking News

Economic certainty needed to bolster builders, says FMB

The 0.2% fall in construction output in January 2025, according to new figures from the Office of National Statistics (ONS), is another indicator that the economy is struggling despite the Government’s strong commitment to back development, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said: “Winter is always a…
Read More