Foxtons profits plummet 65% as London property market stalls
Foxtons estate agency has announced a 65.4% plunge in profits in 2017 in its preliminary statement for annual results – the third consecutive fall since 2015. The post Foxtons profits plummet 65% as...
View ArticleSavills reports profit rise but warns of heightened market uncertainty in 2018
Estate agent Savills cautioned that property markets could slow in 2018 in its annual results, amid a backdrop of rising interest rates and geopolitical risks. The post Savills reports profit rise but...
View ArticleWhat do Countrywide’s troubles mean for mortgage advice? – JLM
Despite it having been the traditional silly season throughout the summer months, there has been nothing silly about the situation for Countrywide, the UK’s largest estate agency. The post What do...
View ArticleAlexander Hall launches ‘people-centric’ website – exclusive
Dom Scott, managing director of Alexander Hall, explains the thinking behind the company’s new website and how it reflects the culture he is cultivating – that of people being at the heart of the...
View ArticleLettings manager jailed for £300k estate agency theft
A lettings manager has been jailed for three years and two months after admitting stealing more than £300,000 from his estate agent boss who he called a ‘second mum’. The post Lettings manager jailed...
View ArticlePurplebricks exits US as losses reach £52m
Purplebricks has announced its departure from the US market less than two years after country launch as losses continue to mount. The post Purplebricks exits US as losses reach £52m appeared first on...
View ArticleNew property listings fall in summer slowdown
The number of new property listings across 100 major UK towns and cities fell by 3.3 per cent in July, the latest Housesimple Property Supply Index showed. The post New property listings fall in summer...
View ArticleSavills profit hit by Brexit and UK market slowdown
Global estate agency and lettings firm Savills has seen its group underlying profit before tax drop by £4m to £38.4m in its unaudited results for the six months ended 30 June 2019. The post Savills...
View ArticleOne Liverpool postcode’s house prices drop 44 per cent since credit crunch
Parts of Liverpool have seen a 44 per cent decline in house prices from £116,821 to £65,178 since the financial crisis in 2008, analysis has shown. The post One Liverpool postcode’s house prices drop...
View ArticleGrenville Turner joins Yopa as firm attracts £16m from Daily Mail and Savills
Ex-Countrywide CEO and chairman Grenville Turner has been appointed chairman at online estate agent Yopa. The post Grenville Turner joins Yopa as firm attracts £16m from Daily Mail and Savills appeared...
View ArticleCountrywide appoints former Tesco director as COO
Countrywide has appointed Bruce Marsh, Tesco’s former finance director, as chief operating officer. The post Countrywide appoints former Tesco director as COO appeared first on Mortgage Solutions.
View ArticleThird of buyers under pressure to use mortgage broker linked to estate agent
A third of buyers believe they have been put under pressure to use a mortgage broker recommended by an estate agent while some are under the impression this will give them a better chance of purchasing...
View ArticleConnells completes £130m Countrywide takeover
Connells and Countrywide have agreed on a £130m takeover deal which was accepted by 51 per cent of Countrywide's shareholders. The post Connells completes £130m Countrywide takeover appeared first on...
View ArticleSkipton BS ups bad loan reserve by 98 per cent to prepare for more economic...
Skipton Building Society's 2020 profits took a hit as the lender upped the pot of money set aside for future bad debts by 98 per cent from £0.5m to £25.7m as the mutual reported it was bracing itself...
View ArticleLSL signs massive advice lead generation deal with 430 office estate agency...
LSL Property Services has agreed to provide digital and face-to-face mortgage and protection advice to The Property Franchise Group’s estate agency network for five years in a bid to fast track a...
View ArticleOpenwork’s Cupis to join Dynamo as managing director – exclusive
Openwork’s long-serving mortgage director, John Cupis, is set to join Connells Group’s Dynamo as managing director later this year. The post Openwork’s Cupis to join Dynamo as managing director –...
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