Calls have been made for completion transaction times to be restored to just eight weeks. Nick Goble, chief executive of Noble Estates, says average transactions at his group are currently taking around between 16 to 18 weeks. He says: “Before the internet, we routinely completed transactions within six to eight weeks using little more than…
Industry technology may be moving towards shared information, but more work needs to be done on communication and service between different parts of a transaction, research suggests. It comes as the latest Voice of the Agent report found 72% of movers experience delays, but estate agents are down the pecking order when it comes to…
Agency software provider The Letting Partnership has queried why unclaimed deposits are absent from discussions on deposit reform. Earlier this summer, Housing Minister Matthew Pennycook confirmed the Government is considering removing insured tenancy deposit schemes as part of a wider review of the tenancy deposit protection system. But new analysis by The Letting Partnership estimates…
The acquisition strengthens Lomond’s presence in the South West
Propertymark has launched a fierce attack on the Scottish Government for failing to properly address the country’s ‘housing emergency’. A ‘Programme for Government’ announced by First Minister John Swinney (pictured) this week fails to address serious issues such as rising rents and a lack of affordable housing, the trade body says. Barely mentioned Timothy Douglas,…
Allsop, Savills and SDL Property Auctions are among the highest scorers on a new index. Property data group UncommonDeal has launched a new UK Auction House Performance Index. It aims to provide investors, landlords, developers, deal sourcers and property professionals with a practical framework for comparing Britain’s leading auction houses on a like-for-like basis. Brands…
The cost of running a rental property has risen far faster than the rent it produces, new research suggests. Analysis of HMRC’s property rental income statistics by lettings platform Hello Neighbour found that unincorporated landlords declared £34.75billion of allowable expenses in 2024/25 against £58.99billion of rental income. A sector housing a fifth of the country…
The average price of a home in Britain improved for the first time since April last month, Nationwide data shows. The latest Nationwide House Price Index shows average property prices rose by 1.6% annually in August, up from 1.4% in July. Activity should regain momentum in the quarters ahead providing the energy shock wanes and…
Last year we set out the harassment reforms heading toward UK employers. The Employment Rights Act 2025 has since received Royal Assent, and the picture has sharpened – with confirmed dates, a tribunal test of the “reasonable steps” defence, and one change pushed back further than expected. Here’s what estate and letting agents need to…
Hopes of a mini recovery in the housing market appear to have been dashed after the latest mortgage approval data showed a slump in the total. Mortgages agreed decreased to 56,100 in July, down 2,100 from 58,200 the previous month, according to the Bank of England. The June figure had seen a monthly rise from…
