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. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via editor@stagingsite.estateagentnetworking.co.uk

You May Also Enjoy

Letting Agent Talk

The pros and cons of renting to students: is it the right choice for you?

Student properties are no different in term of quality and facilities than any other type of private rental. And although landlords may have to spend a fair amount on setting up and properly maintaining student lets, they can also charge a good market rent. To help you decide whether letting to students might be worthwhile…
Read More
Finance

Autumn Budget Misses Mark on Housing Reform: UK Rental Market Squeezed by Shortages and Rising Rents

The UK rental market faces mounting pressures, with a recent Rics survey revealing a critical shortage of properties and surging rent prices. Landlord instructions, a key indicator of properties available to rent, fell to a net balance of -29%, marking this the lowest level since 2021. Strong tenant demand is driving rents higher, with 33%…
Read More
Estate Agent Talk

Save a house deposit faster than ever in THESE areas!

Save a house deposit faster than ever in THESE areas! Aberdeen City in Scotland is named the best place to live if you want to save for a house deposit fast, saving in as little as a year and a half Inverclyde is second, whilst Burnley is third Average salaries and house prices in each…
Read More
Estate Agent Talk

Finding Your Dream Home: Expert Advice from Camberley’s Top Estate Agents

Finding the right estate agent is crucial when navigating the competitive housing market in Camberley. With local expertise and in-depth market knowledge, these professionals can guide you toward your ideal property, saving you time and effort. Their understanding of the area’s nuances, from property trends to community relationships, positions them as indispensable allies in your…
Read More
Breaking News

Zoopla reveals most affordable towns in Britain

With the average home valued at nearly four times average household incomes, Zoopla reveals the most affordable towns in Britain   An average property in Britain is valued at 3.8 times the average annual household income (assuming 2 full-time workers) Cumnock in Scotland, is Britain’s most affordable town to buy in 2024 with average property…
Read More
Software & Tech

The Evolving Nature of Real Estate and Strategies for Agency Success

Real estate agents are used to working with fluid market dynamics. Adapting their sales strategies and responding to new industry demands is almost second nature to most agencies today. However, while making the necessary adjustments when following housing market trends is important, it’s also important for agencies to consider new business innovations that become available…
Read More