BREAKING NEWS – top 5 stories 23/03/2021
ANOTHER NATIONAL HOUSE BUILDER EYES LARGE PROFITS LATER IN THE YEAR
Crest Nicholson looks set to achieve a £85M pre-tax profit by October, which is higher than was expected. This anticipated cash fillet has been pushed on by the pandemic, the amount of people reserving new homes whilst locked down, and the push to beat stamp duty. And of course buoyant sale prices. This is all based on the half year results published yesterday.
MOOVSHACK TIE UP UK DEAL WITH CENTURY 21 FRANCHISE
In its typical understated way Moovshack https://moovshack.com/ the self-styled ‘ultimate property app’ under the direction of CEO and Founder Mick Silver has just unveiled the fact that they are now supplying a white label solution in the UK, via a tie up with Century 21 franchise group.
I must declare an interest here as with my other hat Mick and his team are clients of mine in my Proptech-PR business, but genuinely the amount of technical development and usability that is now inside this app is now fully becoming recognised, after several years of research and development. If you want an idea of what good looks like, then take a look.
FEBRUARY 2021 COMPLETIONS UP CONSIDERABLY
According to HMLR in what will not be seen as surprising the amount of completions last month far exceeded the same month last year. The obvious push to complete prior to the original 31st of March 2021 deadline has contorted the usual flow of completions. A pattern that may well ripple through into late June when Rishi closed the door to the biggest tranche of buyers who will avail themselves of current SDLT extension. The figures were a 99,000 completions last February up to 147,050 this year.
SKIPTON BACK IN THE GAME NOW OFFERING 95% MORTGAGES AGAIN
Skipton Building society has now looked to offer mortgages on a 5% deposit basis to buyers, though the criteria is understandably strict. This follows a number of lenders who are looking to encourage the already over heating market, where stock is not keeping up with supply.
ARE YOU ICO COMPLIANT?
Real estate involves a lot of red tape for the security of all stakeholders, but are you ICO compliant? As any company and that means from estate agency to any company in the support chain who deals or processes personal date must register with the Information Commission Office, as failure to do so is both a criminal offence and can result in a fine. Having just paid out £40 for the documentation the online applicant is quick and painless.
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.