Calls increase for greater alternative deposits regulation…from leading supplier!

first_imgAlternative Deposit provider Zero Deposit has appointed former ARLA president Peter Savage to be its industry spokesperson, who has kicked off his tenure in the role by claiming controversially that the industry should be better regulated.His comments come after The Property Ombudsman this week warned agents that it has heard “the start of murmurings” that complaints about alternative deposits will come to a ‘crescendo’ in the coming six to nine months.“In the deposit replacement sector, it is crucial that landlords are fully aware of the level and consistency of their cover and that tenants fully understand what they are and are not covered for when they buy a deposit replacement product,” says Savage.“To ensure this is the case, I firmly believe that deposit replacement should evolve as a regulated marketplace, and I look forward to doing what I can to promote this message and all of the safeguards and protections that regulation brings.”Following property ombudsman (picture, left) Katrine Sporle’s comments, Jude Greer, CEO of Reposit, says agents should ensure their alternative deposit provider is FCA approved.He also says agents should provide a comprehensive onboarding process for tenants to ensure they understand what they’re signing up for.“It is important to remember that the Fee Ban actually encourages agents to have a discussion with tenants about the best option for them,” says Greer.“And when you think about the fear and mistrust within the industry then this is a key step towards fostering that open communication between agents, tenants and landlords.”  Katrine Sporle Jude Greer Reposit TPO zero deposit July 12, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Calls increase for greater alternative deposits regulation…from leading supplier! previous nextProducts & ServicesCalls increase for greater alternative deposits regulation…from leading supplier!Lettings industry figure and former ARLA president Peter Savage, who is now Zero Deposit’s spokesman, says sector should face greater regulation.Nigel Lewis12th July 20190824 Viewslast_img read more

Plans approved at Canada Water

first_imgHome » News » Land & New Homes » Plans approved at Canada Water previous nextLand & New HomesPlans approved at Canada WaterThe Negotiator5th December 20190122 Views The creation of a new town centre at Canada Water in London passed a key milestone as Southwark Council Planning Committee resolved to grant planning permission for British Land’s masterplan, in line with their officer’s recommendation.The Canada Water Masterplan is a 53-acre, mixed-use scheme that will deliver 2 million sq. ft. of workspace for 20,000 jobs; 1 million sq. ft. of retail, leisure, entertainment, education and community space; and 3,000 new homes.With wellbeing embedded into the masterplan, the project will create 12 acres of open space, a 3.5-acre park, a Town Square, the first new high street in London for 100 years and 16 new streets.Chris Grigg, CEO, British Land, said, “We have an incredible opportunity at Canada Water to create a vibrant neighbourhood for people to live, work and enjoy. We’re hugely excited about delivering this exceptional, mixed-use and sustainable landmark development, which is designed to support people’s wellbeing. We thank the Council for all their work and look forward to continuing to work with them and the local community.”The 53-acre masterplan site is likely to take 15 years to deliver.Canada Water Chris Grigg The Canada Water Masterplan community space London December 5, 2019Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Buy, Buy Buy! Property shares jump after Conservative landslide

first_imgShares in almost every property-related public limited company jumped significantly on Friday following the decisive Conservative party General Election announced early that morning.City stock market traders clearly expect their to be an economic and housing market revival following the election, and have hoovered up shares speculatively in expectation of increased turnover and profits at all of the key housing and property companies.The FTSE all-share index jumped by 1.5% on Friday but shares in the UK’s leading estate agent and house building companies ticked up by significantly more.These include Savills (+13.5%), Purplebricks (+9.5%), Belvoir (+8.6%), Countrywide (+7.14%) and Foxtons (+5.4%) with other company’s share prices rising less significantly.Only one company, Martin & Co parent company The Property Franchise Group, failed to benefit from the post-election City trading optimism; its shares dropped in value by 1%.Shares in UK house builders also jumped including at Taylor Wimpey (+14.63%), Barratt Developments (+14%) and Berkeley Homes (+13.99%).“Whichever way you voted, the brakes are off for estate agents. I suggest a no-holds barred marketing push for pre-Christmas instructions now the uncertainty is over,” says property business guru Richard Rawlings (left).“The signs are that if the government can achieve a period of stability through demonstrating a clear path to Brexit, which seems likely that there will be a mini boom in confidence and house prices,” says property investment guru Mark Homer of Progressive Property (right).“I expect the purchasing managers index and GDP growth to reflect this by the later part of 2020.”  Purplebricks Belvoir Countrywide December 16, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Buy, Buy Buy! Property shares jump after Conservative landslide previous nextAgencies & PeopleBuy, Buy Buy! Property shares jump after Conservative landslideStock in Purplebricks, Countrywide and Belvoir jump as City traders bet on higher profits and turnover for property firms.Nigel Lewis16th December 201901,351 Viewslast_img read more

Coronavirus crisis WILL change the way estate agency staff work when it’s over

first_imgThe coronavirus crisis will significantly change the way estate agencies allow their staff to work, a leading London estate agency owners has claimed.Lee James Pendleton says his agency is looking at how his teams at his nine offices can be more efficient following the crisis and that there is going to be more flexibility about how people work.“We are already planning a strategy around that, which includes using virtual meetings and initial valuations to make us more efficient,” he tells The Negotiator.“While other people think it’s a time of doom and gloom, we think it’s an exciting time because the lockdown is enabling our business to evolve.“The property industry is also not like the travel industry. Whereas holidaymakers may miss trips, buyers and sellers commit in their minds to making a transaction when they can.”Pendleton also thinks that agents should be planning how they are going to re-open their business.His negotiators are at home but working hard at trying to get as many sales and lettings offers as close to over the line as possible, including getting ready for the flood of viewings that will need to be completed as soon as physical distancing rules are relaxed.Pendleton claims he has 300 instructions waiting to go ahead across his estate agency branch network.“Our data shows that the appetite to move home is very strong out there despite the crisis, and that is a good sign – if that appetite had fallen off a cliff in recent weeks then we’d have to be starting from scratch, but I don’t think that will be the case,” he says.“Buyers and sellers have never been funnelled into a bottleneck like this in the industry’s history and it’s too early to write this year’s market off as a dud.“Covid-19 has created a build-up of pressure that could make the Boris Bounce look like a pea shooter.”  James lee pendleton Coping with coronavirus April 22, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » COVID-19 news » Coronavirus crisis WILL change the way estate agency staff work when it’s over previous nextCOVID-19 newsCoronavirus crisis WILL change the way estate agency staff work when it’s overLeading London agent says he is already planning to offer his staff more flexible working practices when they return to their branches.Nigel Lewis22nd April 202002,707 Viewslast_img read more

Covid diaries: How my estate agency survived the pandemic

first_imgHome » News » COVID-19 news » Covid diaries: How my estate agency survived the pandemic previous nextAgencies & PeopleCovid diaries: How my estate agency survived the pandemicLondon agency chief Steve Wayne shares his recollections of a rollercoaster 2020 – from Brexit hope to Covid mope.Steve Wayne, MD of Benjamin Stevens24th December 20200628 Views The fact is that 2020 has been an extraordinary year for everyone. No one has escaped or been untouched by the effects of corona virus in some way shape or form.I’ve decided to take a look back at the last 12 months, how it affected my agency, the housing market in general and why I truly believe that lockdown had done estate agency a huge favour that can only make things better and more profitable for the coming year and for years to come.January to February I remember starting 2019 with a sigh of relief, full of positivity and enthusiasm. Finally, after years of uncertainty, a [Brexit] agreement had been made, a date had been set, and we were leaving the EU. All the waiting, all the anticipation and all the hesitation from people looking to buy or sell their property seem to vanish overnight.I’d been telling people for months that Brexit wasn’t going to hugely affect the property market. At the end of the day the things that always keeps the market moving are births, death, marriages and divorce – little did I know how this theory would ring true a few months down the line!Business was booming, phones were ringing, exchanges and completions were flying in. Our sales figures were up on the previous 6 months, and even the previous year. For once we were starting a year on the right footing, people’s confidence in the property market was returning and 2020 was set to be a bumper year……News of coronavirus was starting to circle. A few cases here and there, and then sadly a few deaths. At this point, were any of us taking it that seriously? But as the weeks went on the numbers rose and all of sudden instead of knowing someone, who knew someone, who knew someone that died of the virus, the virus seemed to move much closer to home.I started to feel restless and no longer felt comfortable with allowing my staff or our clients to be at any further risk than necessary. So, I decided to shut the doors to our branches for the first time in 16 years. The following week, Boris Johnson ordered the entire country in to lockdownMarch to MayLike so many other agents out there – for the first few days I was in no-mans-land. I was ‘working from home’ for the first time in my career, and added to that, I had a toddler and a new-born with me for office staff! I decided there and then to take this potentially damaging period where my business was closed, and turn it into a positive.The vast majority of my staff were furloughed, all calls were diverted to my mobile. For the first time in many years, it was me speaking to every single client that called up. I was fielding calls, dealing with issues from buyers and sellers who were mid-way through their sales process, as well as property management and block management requests, and people who were simply call up for general advice.I realised this was a golden opportunity.This time out from the office would allow me to review first hand, how my business was working, how our systems were working and what changes needed to be made to make us ready and better for when we reopened.The other factor was our brand. Nobody knew at the beginning of March how long we’d be shut for. We had to keep our name alive. So together with my Marketing Director Rosanne, we decided to start a Facebook Live series. Every single day for the three months of the first lockdown we ran a live interview every day on Facebook at 1pm. We spoke to industry experts, local businesses who were still able to operate during lockdown and local charities raising money for the NHS – all of whom needed some promotion. It was hard work and involved a lot of organising, but it was fun too.We gained 100,000 views over the series and most importantly, people didn’t forget who we were and what we did! I’ve always believed estate agents didn’t need to be stuck in the office 9am-5.30pm every day to get business done, but now, with lockdown, the industry was being forced to adapt and for the better!June to SeptemberWe re-opened our branch doors on 1st June 2020 – a little later than we could have, but we wanted to make sure all health and safety systems for our staff and clients were in place and fully operational first.We hit the ground running. We were busy, REALLY busy. Busier than I could have anticipated. The Stamp Duty holiday played a big part in this but I do people that these people would have looked to move anyway. This initiative did wonders to kick start the property industry, give people a helping hand and in the long run, allow the economy to begin rolling again.We caught up on lost time and lost revenue, the phones were ringing off the hook.During lockdown people had time to assess their lives. Some wanted outdoor space, or extra indoor space, and for many we must remember, sadly no need for the entire property anymore.My team also adapted to the new ways of carrying out valuations and viewings. By being extra stringent, we were able to prioritise serious buyers which allowed the whole sales process to be speeded up.Positively was back. Along with this came an influx of new Negotiators. Our Hub model, where Agents join us as Partners, tripled in size. Many of the Negotiators moved over to Benjamin Stevens from well-established corporate agents, after having spent time during lockdown, assessing what they want from their future careers.October to DecemberAs we approached the final few months of the year things couldn’t have been better, but as our sales figures rose, so again did the number of COVID infections. November saw us in lockdown again but this time estate agencies could remain open and do business. Yes, things slowed down, but they didn’t come to a complete halt. We have seen things ramping up to allow us to be on the same level of completed business as in 2019, even despite being closed for 3 months of 2020.December brought another blow, with COVID cases in London and the South East (the main areas we cover) rising sharply and we entered Tier 3 and very quickly after, Tier 4.Throughout the last 6 months of the year, our industry has been able to continue operating despite tightening restrictions. This has not been the same for so many other sectors and I’m at a loss to try and comprehend how everyone is coping. At times, I’ve openly admitted that I’ve thought it somewhat crazy that as estate agents we could accompany strangers to view other strangers’ home, yet we could not mix with our immediate family.Benjamin Stevens Steve Wayne December 24, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

USA: Navy Vessel Visits Hong Kong

first_img View post tag: Navy View post tag: Hong Kong Share this article View post tag: visits View post tag: usa View post tag: Naval USA: Navy Vessel Visits Hong Kong View post tag: vessel Signaling a new found closeness in China-U.S. military ties, a U.S. Navy vessel has been permitted to call at Hong Kong, the state-run RTHK…(quote)[mappress]Source: quote, February 18, 2011;  February 18, 2011 Back to overview,Home naval-today USA: Navy Vessel Visits Hong Kong last_img

Another Remus 100 UUV for US Navy

first_img View post tag: Defense April 24, 2013 U.S. Navy undersea warfare experts are buying another REMUS 100 unmanned underwater vehicle (UUV) from Hydroid Inc. in Pocasset, Mass., a wholly owned subsidiary of Kongsberg Maritime AS in Kongsberg, Norway.The Naval Undersea Warfare Center (NUWC) in Newport, R.I., needs the Hydroid REMUS 100 for continued development and testing, supplementing NUWC’s existing inventory of REMUS systems acquired previously to support a variety of program efforts, NUWC officials say.The NUWC is The Navy’s primary research and engineering center for underwater and submarine warfare.REMUS is short for Remote Environmental Measuring Unit S. The REMUS 100 slightly longer than five feet, is 7.5 inches in diameter, and weighs 85 pounds. It can operate to depths of 328 feet on missions lasting eight to 10 hours.Powering the REMUS 100 UUV is a direct-drive DC brushless motor and an open three-bladed propeller. It can swim as fast as 4.5 knots and navigates by Doppler-assisted dead reckoning, Inertial navigation system, and GPS.Operators control the REMUS 100 UUV with laptop computer-based software for programming, training, post-mission analysis, documentation, maintenance, and troubleshooting. The software enables one operator to control as many as four REMUS 100 UUVs at the same time.The REMUS 100 is suited to marine research, defense, hydrographic and offshore energy applications. It is small enough to be carried by two people, and can perform intricate sonar and oceanographic surveys over large areas, Hydroid officials say.Typical REMUS 100 applications include mine countermeasures, harbor security, debris field mapping, search and salvage operations, hydrographic surveys, environmental monitoring, fishery operations, and scientific sampling and mapping, Hydroid officials say.NUWC is buying the REMUS 100 UUV sole source because Hydroid is the only known source that can meet Navy requirements of a UUV that is man-portable, has an energy density of at least 1.2 kilowatt hours, Navy officials say.Researchers plan to use the REMUS 100 in exercises that require a UUV that can move as fast as four knots for as long as 10 hours. NUWC officials plan to release a formal request for quote (RFQ) to Hydroid around 1 May.[mappress]Naval Today Staff, April 24, 2013; Image: Kongsberg View post tag: UUV View post tag: Defence View post tag: REMUS View post tag: ANOTHER Another Remus 100 UUV for US Navy View post tag: 100center_img View post tag: Naval View post tag: Navy View post tag: News by topic View post tag: US Back to overview,Home naval-today Another Remus 100 UUV for US Navy Training & Education Share this articlelast_img read more

ADMM Plus HADR & MM: Participating Nations Keep Pouring into Brunei

first_img View post tag: Nation’s View post tag: Plus Training & Education View post tag: ADMM View post tag: Participating View post tag: Navy View post tag: HADR View post tag: military Participating nations in ADMM Plus HADR & MM multinational military exercise continue to arrive in Brunei via land, sea, and air.  The latest arrival list included countries like India, Japan, Malaysia, Myanmar, Republic of Singapore, Kingdom of Thailand, Russian Federation and the United States.Incoming assets from Japan included the arrival of two C-130 transport aircraft comprising 28 crew members and 6 passengers. On board the transport aircraft were two vehicles carrying medical equipment and UH-1 aircraft equipment. Japan Maritime Self Defence Force (JMSDF) SHIRANE has also docked at the Muara Commercial Port, bringing with it Japan’s UH-1 ‘Huey’ helicopter.Meanwhile, Malaysia’s assets have also arrived in Brunei Darussalam. KD Mahawangsa ship arrived by sea carrying crews, heavy equipment, heavy machineries, and vehicles, and via air  Malaysia’s S-61 Nuri helicopter arrived with its 15-member aircrew. Malaysia also deployed their vehicle convoy via land through Sungai Tujoh and Puni immigration posts.In addition to Singapore’s assets such as the naval ship RSS ENDURANCE, four Super Puma helicopters have also arrived at the Rimba airbase.Entourage from India has also arrived in the country using its naval asset the INS GHARIYAL, docked at the Muara Commercial Port. The ship transported 20 medical personnel, the Sea King helicopter with 16 Air Force personnel, three vehicles, ambulance, jeep and 2.5 ton truck.Yesterday evening, delegations from Kingdom of Thailand and Russian Federation also arrived in the country via commercial flights.In the midst of participants’ arrivals, an ice-breaking session was held on June 11 at the newly built Multi-National Coordination Centre (MNCC) in Muara. This was the first time for representatives from participating countries to gather at the MNCC since their arrival. Meanwhile, the Force Integration Training (FIT) has also been ongoing. It saw the involvement of participating nations in preparing for exercise scheduled for 17 – 20 June 2013. Today, the medical FIT symposium is scheduled to take place in Berakas Garrison, followed by a helicopter drill Search and Rescue (SAR) and familiarization activities at Rimba Airbase.[mappress]Press Release, June 12, 2013; Image: Brunei Navy Back to overview,Home naval-today ADMM Plus HADR & MM: Participating Nations Keep Pouring into Brunei View post tag: Defence View post tag: Navalcenter_img View post tag: News by topic View post tag: keep View post tag: Exercise Share this article View post tag: Multinational View post tag: MM View post tag: Puring ADMM Plus HADR & MM: Participating Nations Keep Pouring into Brunei June 12, 2013 View post tag: Bruneilast_img read more

HMS Grimsby Visits North East

first_imgRoyal Navy Warship HMS Grimsby made two enjoyable but short visits to the North East as part of a regional engagement programme and in support of a traditional celebration close to the heart of all sailors, Trafalgar Day.The 450-tonne Mine Countermeasures Vessel was first alongside at Victoria Quay in Hartlepool for a 2 day stay before departing Teesside for the short trip north to transit under the Millennium Bridge and berth at Newcastle Quays.The ship – under the command of Lieutenant Commander Mark Hammon Royal Navy then returned to her busy programme conducting operational tasking around UK waters.Lt Cdr Mark Hammon said:“It is vital to us in the Royal Navy that we are able to make visits like these to key British ports such as Hartlepool and Newcastle to reinforce our close bonds that come about as a result of our being an island nation largely reliant on the sea for our economy and security.“I know that my Crew have had and excellent time in the North East, Hartlepool was fantastic and Newcastle is also a favourite place to visit for the Royal Navy, two cities where we are always assured of a warm welcome.”SLt Martyn Harris RN- Navigating Officer of HMS Grimsby said:“It’s my first ever visit to the North East, and it has been brilliant, everyone was extremely welcoming and friendly.“Almost half of the Crew are from this area and for them it has been a bit of a home-coming.”Sailors were sent to numerous events around the area, including a celebration of Nelson’s “right hand man” at Trafalgar, Admiral Lord Collingwood where a “celebratory tot” was drunk in his honour.Following the success of the two previous visits, the Crew of HMS Grimsby then found themselves in the East; conducting Remembrance Sunday in the town of Grimsby. 12 members of the ships company were present for the ceremonies, which were conducted in company with 250 Medical Squadron (TA) and other organisations including Sea Cadets and Sea Scout Groups.The ceremonies involved a march through the town to the War memorial, the laying of wreath on behalf of the Royal Navy and a march past for the Mayor of Grimsby.SLt Stephanie Moss RN, an officer under training on board HMS Grimsby, was “deeply moved by the occasion and felt that it provided a fitting remembrance to those who gave so much for their country.”All those who took part in the events in Grimsby were made to feel very welcome not only by those hoisting them, but by all the people of the town.[mappress]Press Release, November 25, 2013; Image: Royal Navy Training & Education Back to overview,Home naval-today HMS Grimsby Visits North East HMS Grimsby Visits North Eastcenter_img Share this article November 25, 2013last_img read more

CMF: 132 kg of heroin found in another drug bust

first_img View post tag: HMAS Warramunga Back to overview,Home naval-today CMF: 132 kg of heroin found in another drug bust Authorities Share this article View post tag: CMF View post tag: Seizurecenter_img CMF: 132 kg of heroin found in another drug bust View post tag: Heroin Combined Maritime Forces (CMF) continued its recent string of success by seizing 132 kgs of heroin in the Arabian Sea on March 6.Her Majesty’s Australian Ship (HMAS) Warramunga boarded her third vessel in just four days, interdicting over USD 30 million worth of heroin.Combined Task Force (CTF) 150, CMF’s counter-terrorism and maritime security task force seized 12,216 kgs of hashish and 132 kgs of heroin from 3-6 March in the Arabian Sea. This latest haul means that CMF has now seized over 1,600 kgs of heroin, worth over USD 380 million in under twelve weeks.HMAS Warramunga’s MH 60 Romeo helicopter was conducting routine aerial surveillance in the Arabian Sea when it detected a vessel of interest. HMAS Warramunga approached the dhow in international waters and upon investigation CTF 150 authorised a non-destructive search of the dhow. During that search, the boarding team located heroin valued over USD 30 million. Once the search was completed, the heroine was cataloged and destroyed safely at sea.Commander of CTF 150, Commodore Mal Wise, Royal Australian Navy, spoke of the impact that the seizure will have: “The illicit drug trade has had a profound effect on the lives of the people in East Africa. We know that heroin seizures like today’s will have a direct impact on the operations of terrorist organizations at distribution points in East Africa. Removing heroin from circulation reduces the funding resources available for terrorists, which then reduces their ability to inflict suffering on the communities in East Africa.”CTF 150, as part of CMF, supported by international agencies such as the United Nations Office on Drugs and Crime, seeks to disrupt smuggling networks transferring illicit narcotics from Central Asia, through to East Africa. March 9, 2018last_img read more