News feeds

New FSBO website opens for business

Estate Agent Today - 21 August 2014 - 1:00am

A new website for owners and landlords to advertise their properties for sale or let has opened - but so far has a meagre five properties on its books.

 

Against the trend of recent web offerings, which have prided themselves as being estate agents operating online, MoveGroove appears particularly pleased that neither its service nor the individuals behind it have any experience at all in the sale of property.

 

“For anyone familiar with uploading a listing to eBay, MoveGroove is not much different. Simply classify your property type, select the number of bedrooms, add a few more details and you are ready to post your own description of the house along with some eye catching images” says company founder James Moore.

 

The site makes reference, in its terms and conditions section, to the need for properties being marketed to have a valid EPC but it does not make reference to specific consumer legislation surrounding the marketing of properties. 

 

The site suggests that a first step for a would-be advertiser is to prepare a description of the property, a selling or rental price, and “a bit of information” on the property specifics and number of bedrooms.

 

The press release announcing the launch of the service places much emphasis on owners and landlords being able to use it free of charge, and the release and the site dedicate much space to comparing a free sale with hypothetical agency fees.

 

But towards the bottom of one screen on the site there is the reference: “At the moment MoveGroove is totally free to use...”

 

James Moore has told Estate Agent Today that he is “a home owner who thought there should be an easy way of selling without an agent”. He says once the site develops further there will be new features offered to users, starting with a For Sale sign which will be available for an unspecified fee.

 

The site has only just launched so is clearly in its earliest stages but when Estate Agent Today reviewed it overnight, it had only four properties to sell (three in Yorkshire and one in Lanarkshire) and just one Yorkshire property to let.

 

  • FSBO
  • estate agents
  • MoveGroove
Categories: News feeds

Here we go: rate rise likely this year?

Estate Agent Today - 21 August 2014 - 1:00am

Agents and vendors beware - an interest rate rise may be coming this year.

 

This follows the revelation that two members of the Bank of England's Monetary Policy Committee voted to raise interest rates earlier this month - the first time in three years that policymakers have done so. 

 

Ian McCafferty and Martin Weale, the two MPC members in question, did not succeed in securing a majority when the vote took place on August 7 but this was the first time that the committee was split since July 2011. 

 

Interest rates have been unchanged since March 2009 but minutes of this month’s MPC meeting suggest that both Weale and McCafferty felt rapidly falling unemployment made it more likely that salaries would pick up in the coming months - and a rate rise could stem inflationary pressure as a result.

 

The pair claimed that strong economic growth figures had been underpinned by what they called "stimulatory monetary policy" and that a rise of 0.25 per cent in the base rate would be helpful in curbing inflation. 

 

Earlier this week - in response to unexpectedly strong figures on house price growth from the ONS, reflecting the transactions picture in June - some agents have urged the government and the Bank of England not to over-react and risk killing housing recovery.

 

David Newnes of LSL Property Services says “further interventions or borrowing caps could pull the rug out from under the market” and points out that the latest Office for National Statistics data actually shows seven regions in England and Wales with falling house prices in June.

 

Peter Williams, executive director of the Intermediary Mortgage Lenders Association, says the split vote means “a rate rise is firmly on the cards.” He says that even before the minutes were released, one in three brokers expected a rate rise this year - higher than at any other time in 2014. 

 

  • Interest Rates
  • MPC
  • housing market
Categories: News feeds

New board member and TV ad for NAEA

Estate Agent Today - 21 August 2014 - 1:00am

Scottish property expert Matthew Gray is joining the board of the National Association of Estate Agents. 

 

Gray is managing director of property services for Gilson Gray Property LLP, a legal firm offering estate agency services in Glasgow and Edinburgh.

 

He has over 20 years of experience in the Scottish residential property market, he has previously worked as an advisor for Strathclyde University helping to develop a national diploma in estate agency. 

 

He has also won Best Medium Estate Agency of the Year at the National Estate Agency of the Year Awards in 2008 and the Residential and Letting Property Team of the Year at the Scottish Legal Awards in 2009.

 

NAEA president Simon Gerrard says Gray “has demonstrated his expertise of the market and his passion to contribute to the future of the NAEA.”

 

Meanwhile next month sees the launch of another round of NAEA TV adverts with a new consumer campaign.The association will be targeting areas across the UK, starting with the Midlands, north east and south west England. 

 

There will be 48 spots planned in each area to run from September 1 over a two-week period.

 

 

  • NAEA
  • Matthew Gray
  • scotland
Categories: News feeds

First bricks laid for Lego House

Daily Telegraph - 20 August 2014 - 2:28pm
A "Lego House" that resembles 21 large stacked Lego bricks is being built in Denmark






Categories: News feeds

Landlords evict for good reason

Residential Landlord - 20 August 2014 - 12:49pm
A major new survey has put paid to the stereotype that landlords are keen to evict tenants, proving that they do so only for significant
Categories: News feeds

Sex and the City to Scandi chic: eBay's bestselling homewares

Daily Telegraph - 20 August 2014 - 11:47am
As eBay celebrates its 15th year in the UK, the online marketplace has put together a year-by-year guide to the exterior trends that shaped our interior lives from 1997 to 2014
Categories: News feeds

First look at Sheffield Student Buy to Let

Property 118 - 20 August 2014 - 11:26am

With apartments starting at £59,999 Sovereign House is also offering assured NET rental returns of £5107 – £6390. Sovereign House is located in the centre of Sheffield within walking distance of both The University of Sheffield and Sheffield Hallam. The central location caters to all students who want to live in the heart of this... Read more

The post First look at Sheffield Student Buy to Let appeared first on Property118.com.

Categories: News feeds

Dispute over landlord or tenants utility bill

Property 118 - 20 August 2014 - 11:10am

My tenant left an unpaid utility bill, the utility account was never in her name but the partner who always paid the bill until he left her. She then left about 3 weeks later by informing me but left the key in my post box (I live next door) when I was not at home,... Read more

The post Dispute over landlord or tenants utility bill appeared first on Property118.com.

Categories: News feeds

Agents commission on repairs rip off?

Property 118 - 20 August 2014 - 10:59am

My letting agents **name removed by moderator** have just admitted to me that they deduct 12.5% commission from contractors invoices for repairs that they arrange on my behalf. This came to light as I was questioning why the quotes they get are always much higher than if I arrange the work myself. They claim that... Read more

The post Agents commission on repairs rip off? appeared first on Property118.com.

Categories: News feeds

Unprotected deposit counter claim

Property 118 - 20 August 2014 - 10:17am

A previous tenant left three months into the fixed term six month AST. No notice was given other than a cursory phone call and some texts asking what would happen with their deposit. In good faith I refunded half of the deposit. It seemed pointless to pursue them for outstanding rent and I actually felt... Read more

The post Unprotected deposit counter claim appeared first on Property118.com.

Categories: News feeds

Emigrating, Remortgaging and Consent to Let

Property 118 - 20 August 2014 - 9:59am

I am currently in the process of emigrating to Australia (2-3 months until D-day). Rather than sell up, I would like to rent my current property out, just in case things don’t work out and I decide to come back in a couple of years. I have approximately 80% LTV and am currently paying the... Read more

The post Emigrating, Remortgaging and Consent to Let appeared first on Property118.com.

Categories: News feeds

Property Management Checklist

Property 118 - 20 August 2014 - 8:54am

I have created this property management checklist to document the tasks you will already be doing if you are managing your buy to let properties effectively:-  Visiting your property, taking particulars and floor plans. Setting up a system to store your documentation securely, preferably online so that it can be accessed at any time wherever... Read more

The post Property Management Checklist appeared first on Property118.com.

Categories: News feeds

Live the Downton Abbey lifestyle in a stately home (or part of one)

Daily Telegraph - 20 August 2014 - 7:00am
Always dreamed of a historical home but thought you couldn't afford it? Christopher Middleton says it's time to think again






Categories: News feeds

First-time buyers pay £22,000 more than last year

Daily Telegraph - 20 August 2014 - 7:00am
Typical prices paid by first-time buyers in the UK increase by 12 per cent in a year, amid strong rises across the country
Categories: News feeds

A Test of quality

Daily Telegraph - 20 August 2014 - 6:00am
Telegraph View The Telegraph has mapped the best places to live in England and Wales






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