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KEYWORD "Debt" - 107 RESULTS
Countrywide, two years after Platt - time for the last rites?

In six years of editing Estate Agent Today, some of my most dramatic moments have been covering the troubles - some...

11 January 2020

From: Features

Spike in mortgage applications may create a Happy New Year for agents

Analysts are putting a surprise surge in mortgage approvals from banks down to a spike in applications ahead of the General...

02 January 2020

From: Breaking News

Happy New Decade … and a look back at three EAT stories from 2010

Here it is - the start of a new decade, a moment for resolutions and remembrance, and the last Bank Holiday...

31 December 2019

From: Breaking News

Countrywide shareholders back sell-off of commercial division

Countrywide's senior management has won overwhelming backing from shareholders for its strategy of selling its commercial arm and consoliating its shares. Today's...

27 December 2019

From: Breaking News

OnTheMarket raises £3.4m and buys into PropTech firm

OnTheMarket has this morning announced it has raised £3.4m through a placing of shares. It has placed 4,857,143 new ordinary shares at a...

23 December 2019

From: Breaking News

Countrywide delays meeting to confirm sale of Lambert Smith Hampton

Countrywide has this morning revealed that its special general meeting of shareholders to agree the sale of its commercial arm will...

03 December 2019

From: Breaking News

Cash-strapped Countrywide sells commercial arm, extends credit facility

Cash-strapped Countrywide has this morning announced that it is selling its commercial business, Lambert Smith Hampton, for £38m. In a surprise statement...

29 November 2019

From: Breaking News

‘I want to be a founder’ - Be careful what you wish for

News broke last weekend of a further online estate agency casualty as letting agent Upad announced on its website that it...

17 October 2019

From: Features

Why agents need to warn clients about mortgage fraud

As an agent, it’s part of your role to protect and advise your clients throughout the buying and selling process. Mortgages are...

26 September 2019

From: Sponsored Content

Buyers falsify and alter documents as mortgage fraud cases rise

There’s been a five per cent rise in the cases of mortgage fraud as increasing numbers of house buyers appear to...

25 September 2019

From: Breaking News

Stamp duty and easier mortgages help first time buyers select larger homes

First time buyers will constitute the largest single group of purchasers in 2019, despite the apparent difficulties of deposits and securing...

09 September 2019

From: Breaking News

Countrywide takeover? Mystery firm considering a move, says report

A media report suggests a mystery ‘predator’ is attempting to acquire Countrywide.  The Daily Mail this morning, quoting unnamed “City sources,” says a...

19 August 2019

From: Breaking News

Crooked swindler estate agent jailed - and the police are delighted

An estate agent who ruthlessly used his position as a prominent figure in the community to win the trust of vulnerable...

22 July 2019

From: Breaking News

New evidence suggests equity release hurting transaction volumes

There’s more ammunition today for those agents who argue that equity release stops people moving and thus cuts the number of...

19 July 2019

From: Breaking News

Countrywide: share price sinks, closure and sell-off rumours swirl

Rumours continue to circulate about possible large-scale branch closures at Countrywide; its share price ended trading today at its lowest ever...

30 May 2019

From: Breaking News

Another boost for Equity Release: does it lead to fewer house sales?

Retired homeowners are increasingly using property wealth to clear unsecured debts and mortgages to strengthen their later life finances, a new...

24 May 2019

From: Breaking News

Equity release chiefs upbeat after record-breaking quarter

Equity release, seen by many agents as a reason why fewer older homeowners are downsizing these days, has reported more growth...

07 May 2019

From: Breaking News

Purplebricks stock downgraded 80% by investment bank

Analysts at Berenberg Bank have sharply reduced their price target for Purplebricks by over 80 per cent from 470p to 80p, accusing...

05 April 2019

From: Breaking News

Agents Do Charity - and no indicative votes required...

One thing’s clear in the ongoing mess surrounding Brexit - a lot of people are simply putting their head down and...

29 March 2019

From: Breaking News

Emoov’s losses: agency founder Quirk complains to Mail on Sunday

The former chief executive of online agency Emoov has complained to the Mail on Sunday about an article concerning the firm’s...

25 February 2019

From: Breaking News

Emoov former boss disputes Mail on Sunday claim about agency's debts

Online estate agent Emoov failed to tell crowdfunding investors it was losing £3m a month before its collapse, a Sunday paper claims. The...

24 February 2019

From: Breaking News

Online agencies: the final curtain call?

It’s been a theatrical week in Westminster with talk of defections and duplicity worthy of Shakespeare. Yet the estate agency world has...

23 February 2019

From: Features

Lies, Damned Lies, and people who buy and sell homes

Some 59 per cent of people have lied while selling a home and 46 per cent have lied when trying to...

10 January 2019

From: Breaking News

Is the deposit-free rental model a good idea?

When renting a property out, letting agents and landlords recognise that it is important to take a deposit from the tenant...

15 December 2018

From: Features

Emoov lining up administrators - report

Sky News says the online estate agency Emoov is preparing to call in administrators in a last-ditch attempt to salvage its...

29 November 2018

From: Breaking News

Purplebricks boss warns on dangers of borrowing more than one can afford...

The global chief executive of Purplebricks, Michael Bruce, has warned mortgage lenders against offering so-called ‘super-sized’ home loans to borrowers.  Bruce is...

28 November 2018

From: Breaking News

Countrywide price slides further on first day of new shares trading

Following the first day of trading its new shares yesterday, Countrywide's share price finished at 12.52, down almost 4%. The new shares were...

31 August 2018

From: Breaking News

Countrywide shares hit all-time low despite funding go-ahead

Countrywide may have enjoyed the overwhelming support of its major institutional shareholders for its controversial rescue plan, but the wider financial...

29 August 2018

From: Breaking News

PropTech Today: What can the UK market learn from Eastern wisdom?

A few stories caught my eye this week from China, all of which announce the arrival of cutting-edge technological innovation in...

29 August 2018

From: Breaking News

£20m cash boost for Yopa from big-name investors

Yopa, which says it is the second largest hybrid agency when measured by listings, has received a major new £20m investment. Savills -...

28 August 2018

From: Breaking News

Fake Sales: jail threat to lying estate agent caught up in CPR fraud

A maverick Cornish estate agent who falsely gave the impression to customers that his business was highly successful has been hit...

20 August 2018

From: Breaking News

It’s a good time for agencies to list on the stock market - no, really...

At first sight, to suggest this is a good time for an agency business to go for an IPO - that...

11 August 2018

From: Features

Countrywide is in the last-chance saloon say its own advisers

Small print in the Countrywide rescue plan announced yesterday spells out in stark terms what could happen if the company’s bid...

03 August 2018

From: Breaking News

Countrywide 'failed in fund-raising effort earlier this year' - FT

The Financial Times this morning says that Countrywide suffered a failed bond issue earlier this year, forcing it to rely on...

01 August 2018

From: Breaking News

Your Move parent firm sees 11% sales slump but good lettings performance

The parent company of Your Move, Reeds Rains and other agency brands has succeeded where Foxtons yesterday did not - in...

31 July 2018

From: Breaking News

Countrywide - change it, close it or sell it? Four experts have their say

The agonisingly painful decline of Countrywide continues, with no one sure whether it is the darkest hour before the dawn or...

25 July 2018

From: Breaking News

Countrywide delays publishing figures as search for funds goes on

Countrywide, the troubled estate agency group thought by some to be near collapse, has delayed issuing its interim figures which were...

24 July 2018

From: Breaking News

Doubt over Countrywide rights issue as Purplebricks wins price boost

It’s being suggested that Countrywide’s rights issue, previously expected to be announced this week, may now be delayed. The Times says the...

24 July 2018

From: Breaking News

Countrywide stays silent on speculation over £100m rights issue

Countrywide has not made any official statement about speculation over the weekend that it was about to seek an additional £100m investment. Estate...

23 July 2018

From: Breaking News

Countrywide ‘to seek new investment of £100m’

It’s being reported this morning that Countrywide will seek new investment of over £100m, probably in the next few days.  The Sunday...

22 July 2018

From: Breaking News

No house price rises until 2023 - that's what left-wing think tank wants...

A left-leaning think tank is urging the Bank of England to manipulate the housing market to ensure house prices don’t rise...

11 July 2018

From: Breaking News

PropTech Today: Can Viewber become an essential part of the agent toolbox?

What a big week for PropTech! With the very first MIPIM PropTech conference, taking place in Paris today and tomorrow, comes...

20 June 2018

From: Breaking News

OnTheMarket reveals financial losses but fast-growing agents and traffic

OnTheMarket’s first formal annual figures released since its flotation reveal losses in what it describes as its “transformational year” but also...

07 June 2018

From: Breaking News

Property Jobs Today - who’s on the move in our industry?

Hello and welcome to this week’s PJT, the regular Monday update on who’s moving where within our industry. Let us know what’s...

23 April 2018

From: Breaking News

GDPR Weekly: Legitimate interest for estate and letting agents

Coming into force on May 25, the General Data Protection Regulation (GDPR) - which replaces the Data Protection Act 1998 -...

17 April 2018

From: Breaking News

Trouble ahead thanks to older home owners, lenders warn

Gross mortgage lending is set to reach its highest level since 2007 despite Brexit, says the Intermediary Mortgage Lenders Association. But its...

29 March 2018

From: Breaking News

Agency warns about effect of interest rate rise on household budgets

A 1.0 per cent interest rate rise would add £930 a year to the cost of servicing the average mortgage, according...

27 February 2018

From: Breaking News

Agents' PropTech Toolshed: Who am I and recruiting PropTech

PropTech has been the industry soundbite for the last couple of years. For many of my fellow agents, I think it’s one...

17 February 2018

From: Features

ZPG reports 53m average monthly visits to websites and apps

ZPG says it anticipates a strong 2018 according to a trading statement ahead of the company’s annual general meeting today. The firm...

30 January 2018

From: Breaking News

Foxtons reports big drop in profits and revenue with sales down sharply

Foxtons has this morning given details of a sharp fall in both profits and revenue, wirth sales significantly falling away and...

25 January 2018

From: Breaking News

Veteran agent Howard Quirk, father of eMoov founder, dies aged 71

Howard Quirk, a prominent estate agent in the 60s, 70s and 80s, has passed away, aged 71. He was the senior partner...

02 January 2018

From: Breaking News

Property wealth: More bad news for the young

It’s not breaking new ground to say that younger people have what many regard as the raw end of the deal...

02 December 2017

From: Features

Savills' gloomy market warning on sentiment, Brexit and interest rates

Savills has given a pessimistic outlook for the mainstream housing market for the next five years.  It says average house prices across...

03 November 2017

From: Breaking News

Franchise agencies continue war of words over merger terms

Statements from The Property Franchise Group and Belvoir continue to ramp up the war of words between the two agency groups...

20 October 2017

From: Breaking News

PropTech Today: Getting cosy with the winners MIPIM NYC winners

Last week was MIPIM PropTech Summit 2017 in New York, and it was the most oversubscribed to date - proof of the...

18 October 2017

From: Breaking News

Purplebricks claims UK revenue now double that of a year ago

Purplebricks' latest trading statement, issued this morning, claims "good progress" and says its revenue in the UK for the first half...

29 September 2017

From: Breaking News

The market’s missing homemovers

It appears activity in the housing market in 2017 will be around 15% down on 2016. The number of housing transactions...

16 September 2017

From: Features

SOS: are you a business in distress?

Despite the fact that eight out of 10 statistics are reportedly made up (if you can believe that figure), I bet...

02 September 2017

From: Features

Vetting tenants to ensure they are all they seem

When a tenant failed to pay any rent after the first month his tenancy last year, the landlord did not expect...

26 August 2017

From: Features

OnTheMarket: no comment on 'deferred debt for Yes votes' claim

OnTheMarket is declining to comment after suggestions were floated that some debts by its member agents could be deferred, or in some...

22 August 2017

From: Breaking News

NTSEAT and TPO warnings after police probe quick sale company

The police are investigating a quick sale company after a claim by an individual that he received less than half of...

11 August 2017

From: Breaking News

Profits plunge at Countrywide as CEO admits tough year so far

Countrywide has revealed a massive plunge in its profits for the first six months of 2017.   Pre-tax profit for the six months...

27 July 2017

From: Breaking News

Savills says credit crunch still shapes housing market, 10 years on

High end estate agency Savills says the credit crunch - roughly 10 years old next month - is still having an...

27 July 2017

From: Breaking News

£3m boost for start-up helping traditional agents challenge onliners

PropTech start-up OneDome - which describes its products as allowing traditional estate agents to challenge Purplebricks and other online rivals -...

13 July 2017

From: Breaking News

More interest-only owners selling up, claims equity release operator

Estate agents are increasingly helping customers who have been forced to sell their homes to pay off interest-only mortgages ahead of...

29 June 2017

From: Breaking News

What do estate and letting agencies usually sell for?

There’s barely a week that goes by when you don’t read about an estate or letting agency business that’s been acquired...

10 June 2017

From: Features

General election 2017: Facing the UK’s housing crisis

Theresa May’s call for a snap general election on June 8 took many by surprise. But estate agents have been broadly...

03 June 2017

From: Features

Mortgage rates now at their lowest-ever level, says bank

Mortgage rates continue to fall with the average new lending rate at a record low of 2.2 per cent: as a...

27 April 2017

From: Breaking News

Ex-Countrywide MD takes charge of Lomond's latest acquisition drive

Lomond Capital has secured up to £37.5m for new acquisitions of sales and lettings agencies across the south of England -...

25 April 2017

From: Breaking News

The rise of the first-time buyer - is this the return of generation buy?

There are more first-time buyers (FTBs) finding a way on to the property ladder than at any time since the Financial...

01 April 2017

From: Features

Budget 2017 wishlist: Expectations from the property sector

Looking ahead to the Spring Budget this week, the Chancellor Philip Hammond will be obliged to face up to the implications...

04 March 2017

From: Features

Budget 2017: Should stamp duty be a tax on sellers, not buyers?

An estate agent and a building society have both advocated radical moves to reform stamp duty - and want Chancellor Phillip...

03 March 2017

From: Breaking News

What does the future hold for the buy-to-let market?

Over the past two decades, investing in buy-to-let has been a relatively easy way to make money, which is why so...

25 February 2017

From: Features

Guarantee blue skies! Bad weather doesn’t mean bad photos when you use Doctor Photo

Annoying isn’t it. You take on a stunning property, agree a compelling asking price and your Vendor is desperate to get the...

02 February 2017

From: Sponsored Content

Inflation 'bigger problem for housing market than Brexit' claims top agent

Inflation has taken over from Brexit as “the biggest threat to affordability and confidence in the housing market” according to a...

18 January 2017

From: Breaking News

Imprisoned estate agent to return to court for financial hearing

It has been revealed that an estate agent who is serving a five year prison sentence for fraud is to return...

20 December 2016

From: Breaking News

What next for property in 2017?

Following a strong start to 2016, particularly in the lower to middle range of the UK housing market, that lasted up...

17 December 2016

From: Features

Quote, unquote - What the industry said in 2016

Forecasts are so last year: who anticipated Bowie, Brexit or Balls for example? Quotes, on the other hand, really ARE last year...

17 December 2016

From: Features

LSL Property Services sells remaining shares in Zoopla

LSL Property Services has sold its remaining stake in Zoopla Property Group according to a City report. LSL - which includes High...

02 November 2016

From: Breaking News

Property Natter: Q & A with Glenn Ackroyd

This week we have the Head Shepherd of EweMove, Glenn Ackroyd, in the hotseat. He’s been co-owner of EweMove Sales and Lettings,...

30 September 2016

From: Features

How can Agents survive in an increasingly competitive market?

The key lies in improving your customer experience through technology For Agents, the tremendous growth in online estate agents highlights a strong...

13 September 2016

From: Sponsored Content

Is buy-to-let investing still a safe bet?

The huge rush to acquire buy-to-let property in the first quarter of the year ahead of the stamp duty change deadline...

09 September 2016

From: Features

Land Registry privatisation delayed - or possibly abandoned?

The government is reported to have yet again delayed a decision on whether to privatise the Land Registry. The Financial Times says...

08 September 2016

From: Breaking News

Savills warns of Brexit 'drag' on prices, transactions and mortgages

The credit crunch may have been the economic backdrop against which much of the housing market performance of the past 10...

06 September 2016

From: Breaking News

MIRAS: Could Theresa May go back to the future?

I’m indebted to one of the most enthusiastic estate agents I’ve had the pleasure of meeting for suggesting the subject of...

15 July 2016

From: Features

Global property insight

With the new Formula One season now well underway, we delve into the fast lane to take you on a whirlwind...

08 July 2016

From: Features

Carney warns housing market: Brexit conditions will be difficult

The Bank of England’s governor is warning future mortgage borrowers who buy homes that “conditions will be difficult” as a result...

06 July 2016

From: Breaking News

Agents' jobs saved after administrators called in at high-end firm

The jobs of 32 estate agents working at a high-end chain have been saved after the firm and its assets were sold...

31 May 2016

From: Breaking News

Education, Education, Education – and renting and buying, too

So what is it with young people failing to stand up for themselves and not making the most of their money...

20 May 2016

From: Features

Agent jailed for five years after taking £450,000 from elderly clients

An estate agent has been jailed for five years for taking more than £450,000 from elderly clients in Cumbria. A BBC report says...

25 April 2016

From: Breaking News

Big week for OnTheMarket rebels as 14-day legal deadline expires

The deadline for action by some OnTheMarket member agents who received letters from lawyers on behalf of parent company Agents’ Mutual...

18 April 2016

From: Breaking News

A short, sharp shock from short lets?

We’re all talking about second home stamp duty, changes to tax relief and the Prudential Regulation Authority’s suggestion that banks should...

15 April 2016

From: Features

OnTheMarket's rebel agents receive letters from Agents' Mutual lawyers

A number of agencies that joined OnTheMarket but subsequently stopped listing properties on the portal have received letters from a legal...

07 April 2016

From: Breaking News

Confidence: too little is a bad thing, but too much is catastrophic

Despite being round the block quite a few times in the property world, it was only in 2008 that the importance...

25 March 2016

From: Features

Land Registry privatisation - the public doesn't want it, survey suggests

A survey of over 1,000 adults by respected polling company Survation shows little public appetite for the privatisation of the Land...

15 December 2015

From: Breaking News

Chris Rundle, Managing Director of GK Signs

Who are you?  Chris Rundle, What does it say on your business card? Managing Director of GK Signs.  How long has GK Signs...

07 December 2015

From: 60 Second Interview

Shock and anger from agents at extra 3% stamp duty on some homes

There’s been shock and anger from agents - especially those in London - at the surprise news of an additional three...

26 November 2015

From: Breaking News

Winkworth profits warning puts blame on high-end stamp duty

Higher stamp duty for the most expensive properties and the lack of a post-election bounce are being blamed for a profits...

12 November 2015

From: Breaking News

Housing stock's value up 53% in 10 years, despite downturn

The value of Britain's housing stock has risen 53 per cent over the past decade, despite most of that time being...

12 November 2015

From: Breaking News

Planners join industry voices demanding more homes - and soon

The Town and Country Planning Association has plunged itself into the debate over Britain’s housing, saying that younger people unable to...

05 November 2015

From: Breaking News

What do this week's housing market figures really mean?

We’ve had a flurry of data for all of us involved in the property sector to mull over on our sun...

21 August 2015

From: Features

The interest rate warning bell has been rung

When Governor of the Bank of England, Mark Carney, recently announced that interest rates would have to start to rise sooner...

24 July 2015

From: Features

Owner-occupation to fall to 60% by 2025 says report

Owner occupation in Britain will plummet from its current level of about 68 per cent of homes to around 60 per...

23 July 2015

From: Breaking News

A financial crisis refresher course?

In case we didn’t learn the lesson last time around, we appear to be on the brink of a refresher course...

10 July 2015

From: Features

Fee disclosure: Are you ready for an inspection?

Earlier this week we passed the official deadline for letting agents to fully publicise their fees as well as providing evidence of...

29 May 2015

From: Features

House prices will be more volatile in future

The reluctance of existing mortgaged homeowners to move house is starving the market of a source of new supply and risking...

22 May 2015

From: Breaking News

A comfy seat at the table

This week RICS reported a further drop in the number of people putting their homes up for sale; new instructions fell...

15 May 2015

From: Features

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