Author: Benjamin

[openai_chatbot] rewrite this content and keep HTML tags as is: EYE has just been informed that Upad will be closing down soon. The online letting agency has faced difficulties in recent years after being forced into liquidation in October 2019 after founder James Davis said ill health had led him to discontinue the business. The company was recused by online lettings platform Howsy who acquired the business for an undisclosed sum, with a view to operating the firm as a separate business, Upad was later taken over by Dexters, as part as part of a distressed sale after…

[openai_chatbot] rewrite this content and keep HTML tags as is: The Lettings Hub has launched its latest product, a Professional Guarantor solution designed to help letting agents and landlords secure tenancies faster. The new tenant guarantor product launched by the PropTech specialist aims to provide a viable alternative for tenants who may struggle to provide a suitable guarantor. Heidi Shackell, CEO of The Lettings Hub, said: “We’ve listened to our agents, who told us that missing or unsuitable guarantors were holding up deals and costing them time, and their tenants more anxiety over securing homes. Our Professional Guarantor product solves…

[openai_chatbot] rewrite this content and keep HTML tags as is: Paul Shamplina, the founder and managing director of Landlord Action, has launched a new YouTube channel, Paul Shamplina Talkin’ Property. With more than 25 years of frontline experience in the property industry, Shamplina has pledged to deliver a straight-talking show that addresses issues landlords and property professionals. Paul Shamplina Talkin’ Property will feature interviews as well as reflections on what is happening in the property industry.      Daily news email from EYE Enter your email below to receive the latest news each…

[openai_chatbot] rewrite this content and keep HTML tags as is: The fifth episode of UK Property News, the YouTube show hosted by the team behind the National Landlord Investment Show, has just been released, and reflects specifically on the mortgage sector and the potential impact the Renters’ Right Bill will have on funding in the buy-to-let sector.   Aimed primarily at property investors, this episode covers: + The latest on the Renters’ Rights Bill from a Mortgage perspective + How potential new regulation could shape mortgage pricing and lending   The show also covers: + Lenders tailoring packages specifically for property…

[openai_chatbot] rewrite this content and keep HTML tags as is: Property professionals, including estate and letting agents, have been listed among others by HMRC for filing incorrect tax reports [/openai_chatbot] #HMRC #shame #agents #unpaid #tax Source link

[openai_chatbot] rewrite this content and keep HTML tags as is: Foxtons Group shares rose over 4% on Wednesday after the London-based estate agency’s positive first-quarter trading update. The company reported a 24% year-on-year increase in first-quarter revenue, supported by strong sales activity ahead of the 31 March stamp duty relief deadline. Group revenue climbed to £44.1m in the three months to 31 March 2025, up from £35.7m in the corresponding period last year. Sales revenue surged 73% to £16.4m, marking Foxtons’ highest quarterly sales revenue in almost a decade. CEO Guy Gittins said: “This has been a very strong start…

[openai_chatbot] rewrite this content and keep HTML tags as is: Andy Shepherd Dexters has appointed Ash Kashyap to the position of the new CEO of the estate agency group, succeeding Andy Shepherd who has announced that he will be retiring in March 2026. Kashyap joined Dexters as chief financial officer in June 2014 and with over 20 years’ experience in estate agency, working closely in partnership with Shepherd, has propelled the business forwards to record turnover and consistent profits. In 2023, Kashyap led the largest acquisition in the firm’s history, acquiring Marsh & Parsons, followed by acquisition of LiFE Residential. Kashyap…

[openai_chatbot] rewrite this content and keep HTML tags as is: The difference between the monthly cost of renting and paying a mortgage for small deposit borrowers is now around the same, according to Hamptons. Today, typical mortgage rates of just over 5% for a first-time buyer with a 10% deposit mean the average monthly mortgage payment (£1,328) is slightly cheaper than the average rental payment (£1,356) (chart 1).  This time two years ago, as interest rates rose, renting became £48 per month cheaper than buying. For most of the last 40 years, it’s been cheaper to buy than rent.  In…

[openai_chatbot] rewrite this content and keep HTML tags as is: Zoopla has shared an update on how it has driven stronger results for agents in Q1. This includes a 19% surge in valuation lead for agents, supported in part by the property portal’s latest marketing campaign, which launched two weeks ago and is focused on valuation messaging to drive more serious sellers for agents. Valuation lead quality is up 19% year-on-year, with a marked increase in potential sellers submitting a lead intending to move in the next three months. Zoopla says it is also investing continuously on lead quality as…

[openai_chatbot] rewrite this content and keep HTML tags as is: A series of technical corrections has forced the government to revise up the total cost of leasehold legislation reforms from £3.5bn to £4bn. Adjustments in financial modelling were needed to make estimates more accurate by Ministry of Housing, Communities and Local Government (MHCLG) in an addendum to the Leasehold and Freehold Reform Act 2024, and this has fuelled a sharp rise in the estimated cost of the Leasehold and Freehold Reform Act 2024. The legislation, which aims to improve the rights of leaseholders in England and Wales, seeks to make…