BREAKING NEWS – top 5 stories 13/07/2021

Estate Agent Networking Breaking News

Daily bite-sized proptech and real estate news in partnership with Proptech-X. Today, Stanton looks at Mojo Mortgages, Yoti, Savills, and more.

 

  • Mojo Mortgages exits to ZPG subsidiary as they look to control mortgage cycle
  • Savills employee in police investigation over alleged racist Twitter post
  • Conveyancing Association wants the Government to move “further and faster”
  • RICS says that undersupply of properties will keep prices buoyant
  • Yoti webinar on the future of technology and real estate makes key observations

 

Mojo Mortgages exits to ZPG subsidiary as they look to control mortgage cycle

In a strategic move, ZPG, which of course owns Zoopla, has now acquired fintech Mojo Mortgages. Launched just three years ago, Mojo Mortgages is a free brokerage service, allowing digital natives to get access to key mortgage information.

Clearly, ZPG is looking to get across the multi-million-pound mortgage and re-mortgage market by having a link in every part of the property finance journey.

 

Savills employee in police investigation over alleged racist Twitter post

A Savills employee has been reported to the police for allegedly making a racist comment on the social media platform Twitter. The unconfirmed reports also suggest that the person in question may have had their account hacked. All of this happened following the Euros, as a result of England’s loss at the hands of Italy. Enquiries continue.

 

Conveyancing Association wants the Government to move “further and faster”

The CA, one of the governing forces of the conveyancing process, wants the proposed changes signalled by the government in the latest Queen’s Speech to move up a gear, in order to protect all stakeholders poorly served by recent events.

They want an immediate end to leasehold houses and are pushing towards a commonhold policy around property, a topic that has been around for a long time.

Beth Rudolf, Director of Delivery at the Conveyancing Association, said: “The CA, and many other industry stakeholders, have been urging the Government to act on leasehold for the past eight years and, while it was very positive to see the Leasehold Reform Bill make it to the Queen’s Speech, we now need action in a whole host of areas, specifically those measures which have already been announced but have yet to be turned into specific legislation.”

 

RICS says that undersupply of properties will keep prices buoyant

Following a recent analysis by the Royal Institution of Chartered Surveyors, who actively investigate the state of the market by contacting their membership, it seems that prices of properties are set to continue to rise.

Simon Rubisohn, Chief Economist, said to the BBC: “Respondents are pretty unanimous in once again highlighting the challenge around supply, whether in the sales or rental markets.”

 

Yoti webinar on the future of technology and real estate makes key observations

Industry heavyweight Gary Barker, who makes all the key decisions on property technology across the Connells group’s 1,300 branches, together with CEO Robin Tombs of Yoti, teased out some powerful insights in a webinar last Thursday, with a little help from myself.

It was agreed that the pandemic not only speeded up digital transformation in real estate but that the public themselves were more open to “doing property” in a modern, digital way.

The hour-long webinar touched upon many topics at the forefront of the real estate sector, including digital IDs, which verticals of property technology were advancing quickest, and the future of portals and estate agents.

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

small house bird box
Breaking News

UK First Time Buyers better off than many other global nations

Is it really that bad being a first-time buyer? UK better off than many other global nations when it comes to affordability The latest market analysis from Yopa, the full-service estate agents, reveals that first-time buyers (FTBs) in the UK may be paying 63% more to get a foot on the property ladder than they…
Read More
new build homes colchester essex
Breaking News

Building Safety Regulator Reform

The Government has announced reforms to the Building Safety Regulator, including leadership, process and investment. The changes are hoped to deliver 1.5 million homes. The reforms pave the way for creation of a single construction safety regulator, as recommended by the Grenfell Tower enquiry. David Smith, property litigation partner at London law firm Spector Constant…
Read More
Breaking News

New anti-money laundering rules now in effect: what landlords need to know

New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More
Breaking News

What landlords need to know about the upcoming Renters Rights Bill

The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
Read More
Breaking News

Mortgage approvals bounce back in May

The latest figures show that: – Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April. The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year. Approvals are also 2.5% higher than…
Read More
Breaking News

Money and Credit – May 2025

Key points: Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April. Net mortgage approvals for house purchases increased by 2,400 to 63,000 in May. Approvals for remortgaging also increased by 6,200 to 41,500…
Read More