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- 28/05/2008: Mortgage Approvals Down by 40%
- 10/05/2008: Interest Rates Remain Static
- 10/04/2008: Bank of England Reduces Interest Rate
- 26/02/2008: Mortgage lenders leaning towards cash-laden buyers
- 07/02/2008: Interest Rate Cut to 5.25%
- 23/01/2008: Interest rates could fall to 4%.
- 06/12/2007: Interest Rate drops by 0.25%
- 27/11/2007: Looking For A Good Deal - Tips For Homebuyers
- 23/11/2007: Pre-Christmas Slow Down Comes Early
- 23/11/2007: Final Phase Roll Out of HIP's
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Online agents call for investigation into industry competition
24/08/2007 by damianbellusci.
The online estate agency firm Brightsale has called on the Office of Fair Trading (OFT) to investigate the issue of competition within the UK estate agent industry. The move comes soon after the website reported that several of its customers had been hit by punitive and arbitrary fee increases from a leading high-street agent.
In addition to agents increasing their rates of commission for no apparent reason, Brightsale also claimed that one of the UK’s best-known firms urged traditional estate agents to work together to force their online competitors out of the market.
Emily Bellusci, Less2sell’s owner backs Brightsale’s and she states “We would urge all home sellers to insist that they are free to use an online agency, alongside a traditional one, without a threat of punitive commission hikes.
“We believe that competition crushing contracts are not in the best interests of consumers or the industry as a whole. We at Less2sell Online Estate Agent set our business up in the hope of restoring faith in Estate Agents. These traditional agents are keen on destroying that faith”
Earlier this month, Paul Smith, the chief executive of SpicerHaart used his column in Estate Agency News to call on traditional agents to stick together and consider “reverting to sole selling rights and include a clause which prevents the seller from using an internet property retailer at the same time.”
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Less2sell new blog site is launched
23/06/2007 by damianbellusci.
Less2sell are proud to launch our new dedicated blog that will be keeping our readers updated on news, views and relevant topics related to the UK property market.
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