Letting Agent Today

1. Good news on Inflation expected this week

   Inflation is expected to drop sharply in the April figures due out this week. The Office for Budget Responsibility and Bank of England expect inflation to fall to 2% in the near future, mostly thanks to a cut in the energy price cap at the start of April. It’s currently £1,690...

2. Rightmove rolls out Material Information listings display

   Rightmove is rolling out displaying the new Material info Parts B & C fields on listings, following a number of months of working with agents and software providers. Since November when the guidance was published, Rightmove has been providing agents with information and help through webinars about the fields that would...

3. Agency network links with industry supplier for training courses

   Lettings agency giant Belvoir has struck a partnership with a PropTech firm majoring in inventories. InventoryBase Academy has been appointed as Belvoir's recommended inventory training provider for over 180 offices nationwide. Belvoir franchisees will receive Continuing Professional Development (CPD) certified courses on inventory management, industry knowledge and professional skills. A spokesperson for...

4. Agency snaps up lettings book as part of regional expansion plan

   Property consultancy Walker Singleton has acquired the book of business of the Boococks agency as part of its West Yorkshire growth plans. The deal, for an undisclosed sum, comes 18 months after Walker Singleton acquired Brighouse-based estate agency Daniel & Hirst. The agency now has around 900 properties under management across West...

5. Most homes cheaper to rent than buy, even with large deposit

   A third of homes currently for sale can be bought with a mortgage and monthly repayments that cost less than the average rent in the same area, says Zoopla.  At a national level the average monthly UK rent is currently £93 per month (8%) more expensive than the average mortgage repayment...