Latest News

New Job Support Scheme announced by the Chancellor

24 September 2020

In a speech in the House of Commons today, 24 September, Rt Hon Rishi Sunak MP, outlined the UK Government’s next stage of the economic plan to protect jobs over the winter period with the announcement of a new Job Support Scheme. Read More...

Scottish moving homes guidance updated

24 September 2020

Further to the announcement on 22 September by First Minister Nicola Sturgeon, where stronger measures to tackle the rise in COVID-19 infection rates were implemented, the Scottish Government has now updated its guidance on moving home. Read More...

New Chief Executive Officer of Propertymark appointed

24 September 2020

Tim Balcon joins Propertymark today, 24 September, as Chief Executive Officer, which is a newly created role, bringing over 20 years’ experience in membership and sector organisations. Read More...

Government extends support to stop business evictions in 2020

17 September 2020

Robert Jenrick, Secretary of State for Housing, announced yesterday, 16 September, that all commercial tenants will be protected from the risk of eviction until the end of this year. Read More...

Don’t be rushed on quick-sales agencies

Monday 27 January 2020

Speaking to Paul Lewis on the BBC’s Moneybox programme, NAEA Propertymark Chief Executive Mark Hayward addressed concerns of home sellers who had negative experiences with quick-sale companies.

Adverts on social media and in national newspapers promise to sell people's homes within seven or 14 days. Some homeowners are happy with a reduced price for a fast sale, and some quick-sale firms provide a reputable service.

It is feared that some homeowners have fallen prey to companies promising a quick sale, that then cut asking prices without homeowners’ consent. One homeowner told the BBC programme that her asking price had been reduced by £20,00 without her consent, potentially wiping out the equity she had built up. 

National Trading Standards is monitoring a number of companies, and consumers who think they have been dealt with unfairly can contact them, The Property Ombudsman, or the Property redress scheme.

Whether or not consumer picks a quick sale agency, they must make sure it is the right choice for them.

Quote mark

I would warn people to make sure they've read the small print and to not be pushed into any price they're not comfortable with.

The safest way to get an estate agent is to look for one that is regulated and has professional indemnity insurance.

Your house is your biggest asset, don't be rushed into making any decision.

Mark Hayward

Mark Hayward
NAEA Properymark Chief Executive

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