Real estate brokers pocketing up to 6% in fees draw antitrust scrutiny

By: ameer@trustedteam.com

The lucrative broker commission system at the heart of the residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk...

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DOJ eyes real estate broker commissions, NAR under scrutiny

By: ameer@trustedteam.com

DOJ’s concern over housing affordability and commission rates For the mortgage sector, the spotlight on commission rates comes at a time when the housing market is already grappling with low...

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Maclean appointed to senior role at Rics

By: ameer@trustedteam.com

Nick Maclean has been elected the next Rics senior vice president (SVP). From the beginning of January 2024 he will join the current president elect, Tina Paillet and current senior...

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Bellway plan to build 31% fewer homes sends down housing stocks   

By: ameer@trustedteam.com

Bellway plans to build around 7,500 homes next year, 31% fewer than it built 12 months ago, in a move that sent a range of listed housebuilders into the...

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News analysis: Do housebuilding promises offer much hope for FTBs?

By: ameer@trustedteam.com

Even with house prices beginning to fall, many hopeful first-time buyers (FTBs) still find themselves comprehensively priced out of the market. The latest figures from Nationwide reveal that house prices...

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London rental supply grows 10% year-on-year: Foxtons

By: ameer@trustedteam.com

New listings over time have been growing steadily through the year,  with a 10% increase in supply of rental properties compared to the same period in 2022. This is according...

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Landlord mortgage interest payments jump 40% to £15bn  

By: ameer@trustedteam.com

UK landlords have seen their mortgage interest payments jump by 40% to £15bn over the last year, data from Hamptons shows.   The collective rise has been sparked by a...

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News Analysis – Time to get tough on conditional selling

By: ameer@trustedteam.com

Fed-up brokers are calling on regulators to toughen up and take action against those who continue to use the unethical practice of conditional selling. Advisers have warned that some estate...

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Air partners with Stonebridge on adviser tech offering  

By: ameer@trustedteam.com

Later-life lending platform Air has partnered with mortgage broker Stonebridge to boost its tech offering to advisers. The partnership will allow Stonebridge to offer Air’s WriteRoute and Navigator tools to...

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West One Loans reintroduces Platinum residential range  

By: ameer@trustedteam.com

West One Loans has reintroduced its Platinum residential range aimed at borrowers with stronger credit profiles who crave flexibility. The specialist lender’s Platinum range contains two-year fixed rates starting at...

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