OTM chief to stay | Landlords demand change | Client accounts

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.

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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.

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The Neg's Head of Content, Nigel Lewis takes a long, cold look at the new bill to reform the PRS.

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MORTGAGE PAIN: Two-year deals more expensive after rate rise<br />

Rightmove's home loans tracker shows that two-year fixed rate deals are 0.26% higher than a week ago.

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Foxtons finally feels the 'Gittins gold' as profits surge 10%<br />

Estate agency puts the bad old days behind it as recently-installed CEO says his strategies are working.

Click here to read Foxtons finally feels the 'Gittins gold' as profits surge 10%<br />.

Has peak rental demand peaked passed? New data says yes<br />

Figures from Barrows and Forrester reveal a quarterly and annual drop in tenant demand despite a crisis in the mortgage market pricing many people out.

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Purplebricks launches national £999 selling fee under new ownership<br />

Strike, which bought the firm for £1 just a few days ago, says bold new strategy will help grow the firm.
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Click here to read Purplebricks launches national £999 selling fee under new ownership<br />.

BLOG: Want to go it alone? Here’s 10 tips to launch your estate agency

Property Webmasters boss Jamie Arthur highlights key actions that will help ensure success when setting up your own estate agency business. 

Click here to read BLOG: Want to go it alone? Here’s 10 tips to launch your estate agency.

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Find Properties will encourage agents to differentiate themselves by improving their own web presence which will also improve standards and competition.

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New CEO takes over reins at big international property portal

Kyero Co-founders Martin and Louise Dell have handed the leadership role to Gemma Coles.

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Rightmove launches month of legislation webinars for agents

Staying compliant continues to rank high on the list of concerns from agents and remains one of the most popular topics covered in the portal's webinars.

Click here to read Rightmove launches month of legislation webinars for agents.

Letting agents have eight weeks to comply with new Northern scheme

The Merseyside scheme requires agents and landlords to submit their applications for a licence by August 31st and so far 600 have been received.

Click here to read Letting agents have eight weeks to comply with new Northern scheme.

Naive first time buyers put plans on hold after discovering 'hidden costs'

New research reveals one in seven first time buyers suspend intention to buy due to raft of 'unexpected' fees and Stamp Duty.

Click here to read Naive first time buyers put plans on hold after discovering 'hidden costs'.

BLOG: Business support, software and services – how to get 'bang for your buck'

When times are hard, it’s critical to analyse your investments – from software tools to additional services or business support, says Brian Farrell.

Click here to read BLOG: Business support, software and services – how to get 'bang for your buck'.

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Naive first time buyers put plans on hold after discovering 'hidden costs'

 

Big agency launches ‘super branch’ in historic Midlands city

The Grade II listed Coventry building dates back to the early 19th Century and was once the home of the organist at the city's Cathedral. 

Click here to read Big agency launches ‘super branch’ in historic Midlands city.

Auction markets remaining resilient and reporting steady growth

Essential Information Group’s David Sandeman says that the property auction market's overall realised value stands at over £572.9 million.

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Interest rates of 6% and 7% will be the new normal

Mortgage Advice Bureau boss Peter Brodnicki says that stubborn inflation continues to see the Bank of England pushing rates up.

Click here to read Interest rates of 6% and 7% will be the new normal.

In this month's issue:

 

• COVER STORY: How a branch makeover can win instructions.

 

• FEATURE: Rent guarantee insurance and how it can save your landlords.

 

• LEGAL: Direct marketing and how it can earn you a £500,000 fine.

 

• COMMENT: How to manage the credit squeeze and defaulting tenants.

 

• MARKETING: Don't be afraid of Artificial Intelligence – it could boost your business – starting tomorrow!

 

• REDRESS: Too much pressure. The Property Ombudsman adjudicates on a complaint against an over-zealous agent.

 

•INTERVIEW: The agent who got into bed with billionaire, Warren Buffett.

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Dinner invite to estate agency seniors issued by leading industry duo

Baldock brothers are organising their latest central London dinner gathering for all comers who are owners or directors of agencies.

Click here to read Dinner invite to estate agency seniors issued by leading industry duo.

Propertymark to probe leading lettings firm after BBC investigation

Student Haus has suspended a member of staff after being accused of letting a sub-standard property to students and faking a signature.

Click here to read Propertymark to probe leading lettings firm after BBC investigation.

The Negotiator Magazine October edition is live and waiting for you – 54 pages of news, features, interviews, opinion and advice. <br />Just click and flip!

• House prices latest – expert analysis

 • Interview: Yasmin Ulhaq, Glenfield Property Management – super-prime practitioner

 • FEATURE – Photography and floor plans, latest innovations

•  The Negotiator Awards & Conference – gearing up for the best agent event of the year!
• FEATURE – Inventories and technology, a marriage made in heaven

 • Interview – Eric Von Bahr of Plentific, a tech-enabled property management model of the future

• Who Goes Where – roundup of the industry's movers and shakers

• Community Matters – charitable efforts by agents around the country

 PLUS: Adam Walker column, The Ombudsman Files, Digital marketing advice and much more. 

Click here to read The Negotiator Magazine October edition is live and waiting for you – 54 pages of news, features, interviews, opinion and advice. <br />Just click and flip!.

Group Chief Executive of Connells Group celebrates 35 years

David Plumtree joined the company in 1988 starting his career in one of the Group’s branches in East Anglia and quickly rose through the ranks.

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Thorny issue of pooled client accounts under Westminster scrutiny<br />

Conservative MP Kelly Tollhurst eceived assurances from HM Treasury that action will be taken to reform anti-money laundering procedures.

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Landlords demand changes to PRS reform ahead of MPs debate

Ben Beadle, CEO of the NRLA warns that landlords must be onboard with the Renters Reform Bill, before its second reading.

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The Negotiator Conference & Expo – it's going to be a cracker... 24th November, Grosvenor House

Book your tickets now for the agency event of the year – the industry's top speakers and trainers, qualifies for CPD plus the Expo featuring the UK's leading suppliers. 

Click here to read The Negotiator Conference & Expo – it's going to be a cracker... 24th November, Grosvenor House.

Tebb to stay in charge at OTM after takeover

Current OnTheMarket CEO Jason Tebb to remain in post after CoStar acquisition goes through – and there will be no job losses

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FEATURE: Inventories reinvented

Technology is turning the most contentious, laborious and painstaking task into a secure, simple process, says Richard Reed.

Click here to read FEATURE: Inventories reinvented.