Rightmove faces potential FTSE 100 demotion amid falling shares
Rightmove is expected to be relegated from the FTSE 100 to the FTSE 250 index next week, following months of declining share prices that have reached five-year lows. The property…
Small agencies view DIY platforms as business threat
One third of independent estate agencies with fewer than five branches consider DIY property platforms such as OpenRent to be a major threat to their business, according to research from…
Glenhawk provides £11.7m refinance for Aberdeen student scheme
Short-term lender Glenhawk has completed an £11.7m refinance loan for a newly built purpose-built student accommodation (PBSA) development in Aberdeen, Scotland. The two-year loan replaces an existing development finance facility…
London estate agency expands despite decade of challenges
A London-based estate agency is relocating to a larger branch in High Barnet, marking ten years of operation since its establishment in February 2016. Mi Homes, founded by Nick Kyriacou,…
Thinktank proposes council-led insulation model for England
A thinktank has proposed that English councils establish their own workforces to install home insulation, moving away from the current reliance on private contractors that has resulted in widespread quality…
Avamore Capital provides £944k refurbishment finance
Specialist lender Avamore Capital has provided £944,000 in refurbishment finance for a project requiring additional capital injection and contractor support, according to a company announcement. The transaction involved detailed cost…
Agency owners warned against over-reliance on personal input
Estate and letting agency owners are being advised to implement systematic processes to reduce their personal involvement in day-to-day operations, according to industry consultant Rachel Ollington. Ollington, a former letting…
Landlords outpace sole traders in tax digitalisation readiness
Buy-to-let landlords are showing higher levels of preparedness for Making Tax Digital (MTD) for income tax than sole traders, according to research commissioned by Wolters Kluwer Tax & Accounting. The…
Tenant deposit adjudication awards £150 for garden neglect
A recent tenancy deposit dispute has resulted in a landlord receiving £150 of a claimed £180 for garden restoration costs following a two-year tenancy, according to case details released by…
Rental insurance demand surges 41% ahead of new legislation
Demand for rental insurance products increased by 41% between September and December last year, according to data from lettings platform Goodlord, as landlords and agents prepare for changes under the…