Your weekend roundup of top stories

Brutal industry reaction as Purplebricks looks for 'new ownership structure'

When Purplebricks announced on Friday it was looking for a buyer it didn’t take long for the knives – and jokes – to come out. Industry reaction has been both funny and brutal.

Click here to read Brutal industry reaction as Purplebricks looks for 'new ownership structure'.

Sunak appoints replacement for housing minister - sixth in a year!<br />

Rachel Maclean has been appointed as a DLUHC minister to take over from Lucy Frazer, who was promoted to the Cabinet.

Click here to read Sunak appoints replacement for housing minister - sixth in a year!<br />.

Belvoir Group reports record revenue after £4 million jump

Revenue at the Group increased to a record £33.5 million from £29.6 million in 2021 buoyed by an increase on rents on new tenancies increasing by 10.8% during 2022.

Click here to read Belvoir Group reports record revenue after £4 million jump.

Agents to be blocked from commission cash for leasehold insurance

The Financial Conduct Authority is warning brokers not to pay commission to managing agents and property owners.

Click here to read Agents to be blocked from commission cash for leasehold insurance.

New figures reveal how profitable estate agents are<br />

Data from Company Insight shows independent agents are achieving profit of more than £56K per employee and confirms Connells as the UK's biggest agent.

 

Click here to read New figures reveal how profitable estate agents are<br />.

The Property Redress Scheme clamps down on rogue agents<br />

Five agents have been expelled from scheme after an abundance of poor practices were reported by disgruntled clients. 

Click here to read The Property Redress Scheme clamps down on rogue agents<br />.

The April 2023 issue of The Negotiator Magazine is published! It's yours to read now, just click and flip!

52 pages of interviews, market analysis, industry news and products and services for estate and letting agents. Free to read – just click below.

Click here to read The April 2023 issue of The Negotiator Magazine is published! It's yours to read now, just click and flip!.

Home Office consults on plans to beef-up ‘sex for rent’ laws

The proposed legislation would put the squeeze on predatory landlords exploiting vulnerable people for sex in return for free or discounted rent.

Click here to read Home Office consults on plans to beef-up ‘sex for rent’ laws.

Exemptions to EPC rules 'certain', warns leading property figure

Former ARLA Propertymark  president Maxine Fothergill says the Government will have to allow exceptions to the minimum C rating or face problems.

Click here to read Exemptions to EPC rules 'certain', warns leading property figure.

EXCLUSIVE: 'Sourcing agents' warned to be AML compliant or face 'eye-watering' fines

Tina Walsh, head of trade body NAPSA, says agents who 'source' property investment deals are now on HMRC's radar.023.

Click here to read EXCLUSIVE: 'Sourcing agents' warned to be AML compliant or face 'eye-watering' fines.

Agents: Scotland’s Emergency Rent measures are 'backfiring'

Propertymark highlights a growing concern for the Scottish PRS as letting agents report an increase in investors exiting the market. 

Click here to read Agents: Scotland’s Emergency Rent measures are 'backfiring'.