Join the conversation
The Leeds Property Hub will provide regular opportunities for you to meet and share your knowledge with a local group of experts about the relevant and topical issues in your area. They will be attended by representatives from all parties involved in the property transaction, from conveyancers, estate agents and developers, to surveyors, lenders and Local Authorities – and will make for engaging and relevant discussion spanning the length and breadth of the industry.
Our next Property Hub will be announced shortly
Location: To be confirmed
Time: 7:30am to 9:30am
Headline Topic from our Autumn series wasBelieve it or not… There have been 17 housing ministers in the last 21 years. I’m sure you were just as shocked as we were to hear that yet another housing minister has been appointed, as Kit Malthouse replaced Dominic Raab earlier this month. With the housing market already in crisis, what will this additional disruption bring?
- Has Kit Malthouse done enough to put the housing crisis firmly back on the Government’s agenda?
- Is Brexit getting in the way of the Government solving the housing crisis?
- Should housing be removed from Government control?
Our second topic was;
- Presale packs: being legally prepared at the beginning of a transaction, who should this sit with? Should the Estate Agent process the title and AML searches? would this improve security or are there higher risks involved?
Key points from the Autumn Series
- The general consensus was that housing ministers are not in post long enough to make a difference. The target of 300K new homes is a stretch although new build in Leeds feels optimistic.
- A guest was a realtor from Canada. Over there they are encouraging investor/developers with 20K payments to convert unused home space and rent out for attractive rents and yet in UK we are attempting to extricate investors from the market with constraining tax rules.
- Help to buy products are potentially helping the wrong people. The regulations such as 600K max purchase price or eligibility for households with less than 80K p/a income means that almost anyone can benefit from this assistance as average house prices and income are much lower.
- It seems that the Canadian Realtor is more highly respected, they command a better fee, they do more up front and they are more trusted. There are less searches in Canada because everyone gets title insurance. The realtor is regulated and in the UK, estate agency is not. In the UK an estate agent can trade without qualifications.
- Lots that we can learn from overseas from the differences between UK and Canada.
- Quick fixes that are desired; Title insurance, Legal requirement for management companies to respond within 10 business days,Public register of Planning Permission and Building regulations.
- A desire for the property industry to collaborate instead of hundreds of prop tech start-ups, let’s work together to improve the house buying process.
These events are exclusive and limited by numbers. Therefore, if you would like to recommend a friend to attend please contact Hannah Dukes on:
0800 840 5571 firstname.lastname@example.orgBack to homepage