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Today's Headlines:

House prices fall or rise (take your pick)
4 comments
House prices went up slightly – by 0.4% – in July, the Land Registry has reported. It

Knight Frank stay quiet after conman is jailed
9 comments
A tenant who faked his identity when renting through Knight Frank has been jailed for three

Rich overseas buyers keep prime London market aloft
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Chinese buyers are expected to replace Russian investors as major players in the prime central London

Moving occasion: today's the day!
0 comments
The most popular moving date is today, September 1, the Post Office has revealed. The two next

Prospective first-time buyers sink to new low
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The proportion of buyers expecting to buy for the first time in the next 12 months

Housing market 'edging towards double dip' claim
2 comments
Net lending plummeted in July to the second lowest monthly figure since records began in 1993,

Henry Pryor Blog
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Welcome to a new monthly blog by Henry Pryor, estate agent turned entrepreneur, inventor and expert

Rightmove profits climb 39% as more agents sign up
14 comments
A rise in the number of agents and an overall willingness to pay more to Rightmove

Portal creates new 'check out your competition' stats
1 comments
Property portal Home has created some new statistic pages on its site which we reckon will

Six in ten mortgages are now for house purchase
2 comments
The proportion of mortgages being taken out for purchases, as opposed to remortgages, is at its

News Story

Portals launch new services for agents

Friday 27th March 2009

Estate agents listing on pay-per-lead portal PropertyIndex will be able to make additional revenue from a new feature on the site, Legal Index.

The organisation will be selling HIPs from £200, EPCs from £40 and conveyancing deals – which already earn agents a referral fee – for £349.

It is suggesting that agents will be able to pass such products on to their customers at a marked up rate.

Agents can also secure additional fees by referring customers to a new panel of expert solicitors, mortgage brokers, insurance specialists and HIP providers.

Based on the same cost-per-lead model as agents pay, insurance brokers, solicitors, financial advisers and mortgage companies joining Legal Index only pay for results. Referrals are circulated to relevant members of the panel on a rolling rota, which takes into consideration geographical location.

Meanwhile, another property website, search engine Home, has added several new features. These include a facility whereby agents can click to view inquiries from buyers and sellers, and reply to these. They can also see how many potential buyers have viewed properties online.

Agents can also buy HIPs from under £200 and conveyancing services through Home and earn commission.

The announcements come as the new OFT study into estate agency gets under way. It is known that this will focus on referral fees and financial mark-ups, with the remit specifically looking at the financial relationships between agents and other professionals.

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Editorial Contact Details - Rosalind Renshaw | rosalind.renshaw@estateagenttoday.co.uk | 01252 843 566.