Entries by BAR Site Administrator

Backchat Issue 21

Backhouse Jones latest BACKCHAT Issue 21 is now live featuring all the latest regulatory compliance updates, employment, commercial and property issues. To read more click here.

Trading standards secure £1m confiscation order against rogue letting agent

A former letting agent from Kettering has been ordered to pay a confiscation order of £1 million made under the Proceeds of Crime Act following a financial investigation by Northamptonshire County Council Trading Standards. Harpreet Garcha, who ran property lettings franchises Belvoir in Kettering, Desborough and Corby, was sentenced to two years and nine months in prison […]

Over £45 million has gone into ‘PropTech’ in the last week alone as Habito and Yopa raise cash

Two of the UK’s leading “PropTech” — property technology — companies have announced fundraisings of over £45 million between them over the last few days. Yopa, an online estate agent that offers a fixed transaction fee rather than taking a percentage of the sale, announced late on Friday that it had raised £27.6 million from estate […]

Mortgage approvals jump to 16-month high while consumer credit growth slows, Bank of England figures show

Mortgage approvals for house purchases jumped to a 16-month high in July, new figures from the Bank of England released today show. Last month, some 68,689 mortgages were approved, up from 65,318 in June and a seven-month low of 65,140 in April. Howard Archer, chief economic adviser for the EY Item Club, noted that July’s […]

This week in history

On this week in history (18th to 24th September inclusive) as follows; 1519 – Ferdinand Megellan sets sail from Seville in Spain with a fleet of 5 small ships in an attempt to circumnavigate the world 1857 – British forces retake Delhi from Indian mutineers 1862 – President Abraham Lincoln issues his Preliminary Emancipation Proclamation […]

New property platform provides an alternative to ‘The Bank of Mum and Dad’

Property Pact, a new property funding platform, has been launched after gaining consent from the Financial Conduct Authority. Property Pact, which connects homebuyers with people who are able to invest in making their property purchases possible, is now accepting applications from first-time buyers to be featured on their peer-to-peer crowdfunding platform in order to seek […]