BREAKING NEWS – top 5 stories 15/03/2021
MODERN METHOD OF AUCTION – MILTON RODOSTHENOUS AIRS HIS VIEW
A debate is developing regarding exactly who benefits from the Modern Method of Auction, an alternative to the mainstream sale by private treaty process. Founder of Lets Bid, Milton Rodosthenous has stated that some using the system charge large non-refundable deposits, whereas his company is more transparent, and the vendor pays the agent.
If anyone has used MMA – either through https://www.letsbidproperty.co.uk or an alternative company I would be interested to hear what the experience has been for you, either as a buyer or vendor or agent. Or indeed if you are a traditional auctioneer.
EASYPROPERTY £800,000 CASH INJECTION
Veteran & CEO David Brierley, has raised more cash via crowdfunding with half of the money from a government inniative The future fund.
‘… the Future Fund issues convertible loans to innovative UK companies with good potential that typically rely on equity investment and are currently affected by COVID-19. The scheme will help these companies through the current period of economic disruption and the recovery, so they are able to continue their growth trajectory and reach their full economic potential. The scheme is designed by government and delivered by the British Business Bank’.
Knowing David and stalwart Jason Bull Chief Operating Officer, I hope that they can move EasyProperty forward, as the pandemic has certainly made many feel, they want to go it alone, backed by the resources of a brand and a franchise model.
HMLR MOVES INTO DIGITAL FUTURE ALLOWING MOBILES TO BE USED AS PROOF OF ID
Land registry has now released a new standard that says people doing property can prove their ID via their mobile, if their solicitor or conveyancer adopts the procedure. This marks a speeding up of the processes that slow down for example conveyancing which in the UK is due a full overhaul.
WOODBOURNE GROUP EYE £360M CARBON NEUTRAL 172M SKYSCRAPER DEVELOPMENT
Woodbourne’s CEO Tani Dulay, has called it a ‘sustainable mixed-use ecosystem … (which if it came to fruition would put Birmingham on the map) … as the UK’s leading smart and sustainable city, helping to pave the way for the UK’s green revolution’.
The development will consist of five units, with the centre piece being a 172M high skyscraper which would dominate the Birmingham landscape.
CLADDING SCANDAL CONTINUES
Despite recent government inniatives and promises of cash, and RICS outlining new ways of identifying property that may not be suitable for lending in its present form, there are still tens of thousands of stranded homeowners trapped with properties they can sell or re-mortgage.
We have been contacted by several agents outlining that they now have no-go properties that can only be sold to cash buyers, blighted by the problems around cladding.
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.