Homebuyers are being gazumped due to lengthy property chains and delays in securing a mortgage, it’s been claimed. Research from Market Financial...
Archive
13 June 2024
From: Breaking News
![Buyers urged to get protected amid rise in gazumping](/upload/images/shutterstock_1787597288.jpg)
Buyers are being urged to be on alert about being gazumped amid a rise in the practice. The HomeOwners Alliance has highlighted...
12 June 2024
From: Breaking News
![Ban Gazumping - strong public support for new law](/upload/images/Shutterstock-only%20images/Rental%20Market/Court-UK-400x310.png)
A survey of homebuyers has found overwhelming support for a legal ban on gazumping. A mortgage lender - MFS - spoke with...
02 May 2024
From: Breaking News
![MPs launch inquiry into home buying and selling process](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyNews1-400x310.png)
MPs have launched an inquiry on improving the home buying and selling process in England. The Levelling Up, Housing and Communities (LUHC)...
27 March 2024
From: Breaking News
![New service aims to secure and speed-up sales](/upload/images/Shutterstock-only%20images/Property%20Market/HouseForSale_400x310.png)
A former estate agent-turned-online auctioneer has launched a new service that aims to speed up and secure sales. Stuart Collar-Brown, co-founder and...
23 March 2023
From: Breaking News
![Third of home-sellers being gazundered - claim](/upload/images/Shutterstock-only%20images/Property%20Market/CoupleMakingOffer-400x310.png)
Almost a third of UK home sellers are being gazundered by their buyers, many of whom are seeing their potential buyer...
24 February 2023
From: Breaking News
![Fast decisions! One in three properties receive an offer one hour after viewing](/upload/images/Shutterstock-only%20images/Property%20Market/CoupleMakingOffer-400x310.png)
Despite all the recent speculation surrounding the housing market after the badly-received mini-Budget and regular talk of a possible slowdown, new...
06 October 2022
From: Breaking News
![How conveyancers are using due diligence to attract estate agents leads](/upload/images/adv-2021/sponsored-content/Checkboard/checkboard%20380x280%20EAT%20Image.png)
Smart conveyancers are making themselves indispensable to estate agents by doing their due diligence for them. Until now, estate agents and conveyancers...
01 August 2022
From: Sponsored Content
![Messy gardens & dangerous décor: 10 ways first-time buyers can be fined up to £5,000](/upload/images/Developments%20%26%20Projects/Construction%20and%20Maintenance/Messy%20Garden_400x310.png)
As Britain’s housing boom continues, SDL Property Auctions has warned of ten ways new homeowners could be fined up to £5,000...
26 July 2022
From: Legislation & Compliance
![Sales falling through as mortgage underwriters toughen criteria - warning](/upload/images/Housing%20Market%20%26%20Property%20Images/UK-Houses-Row-2-400x310.jpg)
Almost a third of property sales that collapsed during the second quarter of this year were hit by lenders toughening their...
13 July 2022
From: Breaking News
![Property Natter - why conveyancers should charge more for a better service](/upload/images/Site%20logos/PropertyNatter-2019-400x310.png)
The ongoing debate about how to boost agent and conveyancer relations, and improve the homebuying system for all, continues to rage,...
02 July 2022
From: Features
![Phil Spencer - it's time to dump gazumping](/upload/images/Site%20logos/PhilSpencer-EAT-LAT-2020-400x310.jpg)
You’re probably up to your neck at the start of a busy spring market but I’d hope there’s one thing most...
07 April 2022
From: Breaking News
![Gazumping: Public have had enough and want it made illegal](/upload/images/library/Gazumping-400x310.png)
The overwhelming majority of buyers want the gazumping to be made illegal, a poll shows. Some 89 per cent think it’s wrong...
28 March 2022
From: Breaking News
![Fall throughs kill off one-in-five transactions - claim](/upload/images/library/PropertyTransactionsConcept-400x310.jpg)
Fall throughs remain a significant problem with transaction collapses costing buyers and sellers a wasted £880m in 2021 according to new...
17 February 2022
From: Breaking News
![Exclusivity Agreements? They’re for “shysters” claims lawyer](/upload/images/Housing%20Market%20%26%20Property%20Images/HousingMarket2020-400x310.jpg)
The Property Ombudsman should ban agents from using so-called exclusivity agreements on sales, claims a law firm. Donal Blaney, founder of Griffin...
03 February 2022
From: Breaking News
![Goodbye Gazumping - masterclass for agents next month](/upload/images/Housing%20Market%20%26%20Property%20Images/PropertyTransaction-400x310.jpg)
A webinar in mid-January will help agents get an edge on securing leads and ensuring transactions are not lost. That’s the claim...
30 December 2021
From: Breaking News
![Are reservation agreements the future of agency? These agents think so!](/upload/images/Housing%20Market%20%26%20Property%20Images/PropertyInformationKeys-400x310.jpg)
You’ve heard me bang on about the wonder of reservation agreements for some time now, but it’s definitely the case that...
11 December 2021
From: Features
![The presents agents need for Christmas to improve their business in 2022](/upload/images/Today%20Site%20Images/Xmas%2C%20Easter%2C%20Halloween/ChristmasScene-400x310.jpg)
With 2022 swiftly approaching, businesses in the property industry are likely to be reflecting on the trials and tribulations that have...
04 December 2021
From: Features
![Could the MMoA offer the post-Covid solution that agents need?](/upload/images/Auctions/AuctioneerGavel-400x310.jpg)
Some 18 months on, we’re only just beginning to understand the impact of Covid-19 and how it’ll shape the future economy...
31 July 2021
From: Features
![PropTech Today – Why has overhaul of buying and selling still not happened?](/img/default/eat.png)
The government and property industry have been talking about it for a long time, and there have been numerous initiatives introduced...
07 July 2021
From: Breaking News
![Revealed - the reasons why most fall throughs happen…](/img/default/eat.png)
The leading reason for property sales falling through is gazumping, according to new research from Comparethemarket. Over the past year, nearly two-fifths of...
01 July 2021
From: Breaking News
![‘Transform home buying for good’ is goal of new strategic partnership](/img/default/eat.png)
Digital marketing agency Angels Media and digital platform Gazeal have announced an exclusive strategic partnership to help improve and speed up...
25 May 2021
From: Breaking News
![One in three sales fall through as market returns to near normal](/img/default/eat.png)
One in three property sales in England and Wales fell through before completion in the first quarter of 2021. The 32 per...
13 April 2021
From: Breaking News
![Reservation Agreements will win instructions for agents, says supplier](/img/default/eat.png)
Agents should put as much emphasis on ensuring a house move actually happens as on winning the instruction to begin with,...
12 February 2021
From: Breaking News
![Agents handling private treaty sales accused of being behind the times](/img/default/eat.png)
A quick buy firm which typically purchases homes from sellers at below market levels has accused estate agents and the private...
28 September 2020
From: Breaking News
![Property Natter - perception vs reality - why do agents have a bad rep?](/img/default/eat.png)
It’s fair to say that UK estate agents don’t have the best of reputations, often featuring in the lists of the...
29 August 2020
From: Features
![It's time for agents and politicians to get behind Reservation Agreements trial](/img/default/eat.png)
Now we’re well into the second month of the year, we have reached a crucial point in the ongoing plans to...
08 February 2020
From: Features
![What are the benefits of traditional online auctions for estate agents?](/img/default/eat.png)
Property auctions – online or otherwise – can be hugely helpful to sellers, buyers and estate agents. Online auctions, in particular, are...
06 February 2020
From: Sponsored Content
![Make gazumping illegal! Overwhelming majority favour complete ban](/img/default/eat.png)
A new survey suggests that an overwhelming majority of householders want a legal ban on gazumping. The result is likely to be...
21 November 2019
From: Breaking News
![Fall Throughs: more support revealed for Reservation Agreements](/img/default/eat.png)
Buyers and sellers changing their minds lie behind almost a third of fall-throughs - the single biggest reason why transactions collapse,...
05 November 2019
From: Breaking News
![Reservation Agreements may need bigger penalties says Reapit chief](/img/default/eat.png)
Reservation Agreements may require bigger financial penalties than the £500 to £1,000 currently envisaged if they are to work. That’s the view...
01 November 2019
From: Breaking News
![Revealed - the worst location in the country for gazumping](/img/default/eat.png)
Gazumping is alive and well in much of the country, despite the slowdown in the property market, according to new research...
01 July 2019
From: Breaking News
![Phil Spencer endorses reservation agreements and digital legal packs](/img/default/eat.png)
Phil Spencer and his advice website IQ have endorsed the concept of legally binding reservation agreements and digital legal packs through...
27 June 2019
From: Breaking News
![Modern method of auction - the online bidding process explained](/img/default/eat.png)
The modern method of auction is proving to revolutionise the way properties are bought and sold across the UK. By putting the...
26 June 2019
From: Features
![MyBid4It offers exclusivity benefits for Estate Agents…](/img/default/eat.png)
MyBid4It is an online auction platform which has been developed to partner with Estate Agents and revolutionise the way properties are...
26 June 2019
From: Sponsored Content
![Stamp Duty and conveyancing are growing worries for home owners](/img/default/eat.png)
A large-scale survey by a consumer group has revealed that over half of home owners regard stamp duty as a growing...
26 March 2019
From: Breaking News
![Agent avoids fall-throughs by making sellers and buyers shake hands on deals](/img/default/eat.png)
A London estate agent says his system of ‘moral agreements’ between sellers and buyers prevents chains collapsing and means his company has...
08 February 2019
From: Breaking News
![Gazumping - so is it declining or is it getting worse?](/img/default/eat.png)
The latest research from online estate agency Emoov shows at least one silver lining to the current Brexit-hit housing market -...
21 November 2018
From: Breaking News
![Sales slump as fall-throughs and gazumping soar](/img/default/eat.png)
New research shows 35 per cent of deals fall through within three weeks of a seller receiving an offer and a...
16 November 2018
From: Breaking News
![Reservation agreements back on the agenda thanks to former agent](/img/default/eat.png)
A new company is claiming to reduce chain collapses during sales by creating a lockout agreement, also known as a reservation agreement. Property...
06 November 2018
From: Breaking News
![House buying reform - should we all sell homes the Scottish way?](/img/default/eat.png)
It seems a lifetime ago but in fact we’re approaching just the first anniversary since the government triggered its Call for...
05 October 2018
From: Breaking News
![Ban Gazumping! And limit overseas ownership of homes, while you're at it...](/img/default/eat.png)
Gazumping is the biggest irritation in the property market to the general public according to a survey of over 2,000 people. Respondents...
02 August 2018
From: Breaking News
![Cash trolleys, Porsches and pampering - buyers' desperate acts revealed](/img/default/eat.png)
To demonstrate the lengths some buyers will go to make sure their offer is accepted, NAEA Propertymark has asked its agent...
24 May 2018
From: Breaking News
![High house prices and leasehold abuse are key worries for public - survey](/img/default/eat.png)
Stubbornly high house prices and concerns over leasehold-related charges top the list of worries amongst the public about the housing market. That’s...
19 April 2018
From: Breaking News
![Agents’ qualifications will cut competition and increase fees - claim](/img/default/eat.png)
Estate agent licensing will reduce competition, make buying and selling homes more expensive, and add another layer of red tape to...
18 April 2018
From: Breaking News
![Introduction of reservation agreements for buyers and sellers gaining support](/img/default/eat.png)
As the estate agency business in England moves towards being more robust with professional qualifications and higher standards being introduced, there...
17 April 2018
From: Sponsored Content
![Buying agent claims she was offered bribe to secure a higher offer on house](/img/default/eat.png)
A central London buying agent says she was once offered a bribe by an estate agent to try to persuade a...
17 April 2018
From: Breaking News
![Reforms to house buying process and agents’ qualifications announced](/img/default/eat.png)
The government has announced further measures which will, in its words, “professionalise” house buying and the estate agency business. In yet another Sunday...
08 April 2018
From: Breaking News
![Surcharge for 'five day exchange and completion' is slammed as rip-off](/img/default/eat.png)
A critic of the conveyancing process has accused a law firm’s charge of £95 for “exchange and completion within five working...
13 March 2018
From: Breaking News
![Sales progression: Pushing the process through](/img/default/eat.png)
“Are we there yet?” In the same way that these words can drive you to distraction (any parent who has endured the...
17 February 2018
From: Features
![Conveyancer says transaction problems down to others and not solicitors](/img/default/eat.png)
A law firm says the problems with housing transactions lie not with issues like fall-throughs but with “people’s general lack of...
07 February 2018
From: Breaking News
![Online agent deposit/conveyancer scheme claims 100% completion rate](/img/default/eat.png)
Online agency Settled is introducing a deposit scheme which it claims will assist sellers and buyers reach completion faster - and...
29 November 2017
From: Breaking News
!['One in eight transactions in 2017 has been subject to gazumping'](/img/default/eat.png)
Some 12 per cent of transactions in England and Wales so far this year have been subject to gazumping, being sold...
03 November 2017
From: Breaking News
![Government should be wary of introducing goodwill agreements](/img/default/eat.png)
Sajid Javid, Secretary of State for Communities and Local Government, has launched a consultation on proposals to reform the house buying...
28 October 2017
From: Features
![Agency tells government: probe gazundering as well as gazumping](/img/default/eat.png)
The government should take a close look at gazundering as well as gazumping in its review of the house sales process,...
27 October 2017
From: Breaking News
![Conveyancers are piloting HIPs-style 'Digital Home Reports'](/img/default/eat.png)
The Conveyancing Association says some of its members are piloting HIPs-style Digital Home Reports in a bid to reduce fall-throughs and...
24 October 2017
From: Breaking News
![Conveyancers and searches in firing line of new government probe](/img/default/eat.png)
Conveyancers and the speed of local council searches have come in for criticism as details have emerged of the government’s consultation...
23 October 2017
From: Breaking News
!['Government has no ideas at all #idiots' - industry reacts to probe](/img/default/eat.png)
There has been a wide range of views from trade bodies and individual agents on the government’s surprise ‘call for evidence’...
23 October 2017
From: Breaking News
![Government launches consultation into house buying and selling](/img/default/eat.png)
The government has launched a consultation this weekend calling for evidence on how to make the home buying process “cheaper, faster...
22 October 2017
From: Breaking News
![Private sellers and agents to list on new off-market sales website](/img/default/eat.png)
The agent behind a new online service covering off-market homes in part of prime central London says his service will expand...
25 September 2017
From: Breaking News
![HIP, HIP, Hooray - The Other 10-Year Anniversary](/img/default/eat.png)
You’ll see a lot of 10th anniversary stories in the property industry and consumer media in the coming days: early August...
28 July 2017
From: Features
![Would you ‘let’ a property go under the hammer?](/img/default/eat.png)
The popularity of property auctions in the UK has increased enormously in recent years, supported by popular TV shows such as...
17 June 2017
From: Features
!['Disrupter' agent says English sales system less efficient than Scotland](/img/default/eat.png)
A ‘disrupter’ estate agent says the English housing market operates in a way that is far less efficient than Scotland’s -...
19 May 2017
From: Breaking News
![Don’t undervalue Which? as a useful marketing tool](/img/default/eat.png)
The guys at Which? are at it again, all over estate agents like a rash for “over valuing” properties so they...
17 February 2017
From: Features
![Londoners at least three times more likely to be gazumped](/img/default/eat.png)
Perhaps unsurprisingly, a new survey suggests the proportion of London buyers who have lost out on a purchase because of gazumping...
30 January 2017
From: Breaking News
![Property auctions market round-up Q4 ‘16](/img/default/eat.png)
No longer just a domain for investors, developers and property traders, the auction room is now the preferred option of buying...
21 January 2017
From: Features
![How can we encourage closer collaboration between estate agents and solicitors?](/img/default/eat.png)
With an anticipated “Call for Evidence” from the Dept of Business Innovation & Skills looking into the home-buying experience ETSOS is...
01 September 2016
From: Sponsored Content
![Call for evidence: why technology needs to underpin house buying](/img/default/eat.png)
Nearly three quarters of people who have sold or bought a property deem it more stressful than having a child or...
15 July 2016
From: Features
![Conveyancing delays are not the only reason transactions fall through](/img/default/eat.png)
In this business you get used to dealing with regular customer and third-party feedback, input, and (occasionally) complaints. Much like the agency market...
13 May 2016
From: Features
![All change? Industry to be asked how to shake-up house buying](/img/default/eat.png)
The government is staying tight-lipped about it for the moment but there may be a major shake-up in house buying on...
11 May 2016
From: Breaking News
![Gazumping is not all bad news](/img/default/eat.png)
We’re all familiar with 'gazumping' – most us have been 'gazumped' or indeed been the perpetrators of this practice, for it...