News - Month: April 2018

Gazeal announces brix partnership

Gazeal announces brix partnership

April 30th, 2018

The new partnership will help first time buyers save for that illusive deposit through an innovative club card scheme. As the average age for first time buyers is now 31 – 33 in London – every new idea to save-up for the deposit which is now more than £112,000 in the capital is very welcome. […]

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Will voluntary reservations work if they are not given teeth?

April 26th, 2018

The Government’s reaction to its Call for Evidence into improving the home buying and selling process is commendable but will this impetus ever be put into practice? At least the (latest) new housing minister appears intent on establishing agreements between buyers and sellers – something that my own firm, Gazeal, was actually established to do. […]

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Will Reservation Agreements Prevent Buyers from being Gazumped?

April 23rd, 2018

Movements are being made by the Government to remove the possibility of gazumping by encouraging the agreement of a reservation. This call for voluntary reservation agreements has prompted more definite action from companies such as Gazeal, the property technology business. They have introduced a legally binding contract for buyers and sellers to sign at the […]

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Yes minister, a solution to gazumping already exists

April 17th, 2018

Tech firm claims its platform already offers a better version of the voluntary reservation agreements the government wants to introduce. A proptech firm has suggested that the government’s recent decision to stamp out gazumping with ‘voluntary reservation agreements’ is a significantly behind the digital curve. Gazeal says its service, which enables a vendor and buyer […]

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The Government wants to eradicate Gazumping by encouraging reservation agreements

April 16th, 2018

The solution is already here and working As the Government calls for voluntary reservation agreements to eradicate gazumping, a company which provides a legally binding contract between buyer and seller claims it has already achieved this for its clients and also dramatically expedited the house sale transaction process. Gazeal, a property technology (PropTech) business, has […]

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Government Has Announced ‘Professionalisation’ Of Estate Agents

April 16th, 2018

On Sunday, Housing Secretary Sajid Javid announced measures to professionalise the estate agency market which may have a significant impact on the conveyancing market and our readers. This announcement was made by way of a press release with further detail to follow but is the outcome of the consultation completed last year by the Ministry of […]

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some houses

House prices hit new high but will new rules make buying and selling easier?

April 10th, 2018

The latest report from mortgage lender the Halifax this morning suggests that the average property value in the UK hit a new high in March, as a result of steady house price growth over the first quarter of 2018. Overall, property prices in the first three months of this year were 2.7 per cent higher […]

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