Recently, property portal OnTheMarket went public, but not without a deluge of questions from its users. The announcement states the growing portal site will be listed on the London Stock Exchange. To appease previous investors, OnTheMarket will be offering a minority stake to them, as well as searching for more outside stockholders in order to raise 50 million euro in new capital. “A substantial portion of the funds raised will be committed to support broad marketing campaigns through television, digital, local radio and poster and press advertising, in addition to increased PR and social media activity," said the announcement, continuing

Lendy is urging buy-to-let property investors to diversify despite the value of residential mortgage write-offs hitting record lows. The value of mortgages written off by banks and building societies in the last year hit a 12-year low at £72m, Bank of England data shows, but the peer-to-peer property platform is warning that rising interest rates could make it harder for borrowers to keep up with repayments in the future. Liam Brooke, co-founder of Lendy, warned property investors must be careful about the level of exposure they take on in case of a downturn in the property market. “Low interest rates have

OnTheMarket Limited (to be re-registered as OnTheMarket plc), the agent-backed company which operates the OnTheMarket.com property portal, has announced its intention to list on the AIM market of the London Stock Exchange. As previously announced on 4 August 2017, OnTheMarket plc will seek to offer a minority stake to investors as part of the IPO with OnTheMarket's entire issued and to be issued share capital being admitted to trading on AIM.  The objective is to raise approximately £50 million of new equity capital which will be used to fund the growth of OnTheMarket, already the third biggest UK residential property

When it comes to real estate, thenumerous opportunities and options available forfinding the right propertyfor rental or posting one for letting can make the process seem overwhelming. The purchase or sale of a property is even more complex, as details such as property valuation must be considered. At Affitto Estate Agents, they strive to simplify the entire process of renting and letting a property, and in the service of that, the agency is now offering free property valuation. Affitto Estate Agents is a real estate agency based in Leicester, although they have a presence beyond Leicester as well. They operate widely

Anscombe & Ringland and Russell, Baldwin & Bright are tobe rebranded under the Chancellors name. The agencies - Anscombe & Ringland in London and Russell, Baldwin & Bright in Herefordshire and mid-Wales - have been long-standing operators within the Chancellors Group, but are now rebranding under the single Chancellors name. “The aim is to unite the Chancellors Group under one brand, so that they can focus their resources and efforts on a single entity and maximise the support and exposure of all their services for the benefit of their customers and clients” says a statement from Anscombe & Ringland. Read

allAgents, the review website in dispute with Purplebricks, says a “major announcement” is expected about its next step in the saga - but we’re going to have to wait until next week to find out what it is. In a statement to Estate Agent Today last evening, allAgents’ Martin McKenzie said: “Our negotiations with Purplebricks broke down as we feel their business ethics are not in line with our own.  However, there’s been a lot going on behind the scenes and we plan to make a major announcement early next week. We will not be bullied into submission by them,

It’s been a trend developing in the past few months - estate agents increasingly flirting with the idea of selling homes via auctions, especially in a sticky market. Now a new service called LetsBid Property is being launched with the aim of enabling estate agents to upload listings to a website where registered buyers and renters can bid for property they’re interested in. “The whole idea of LetsBid is that estate agents can offer online auction services as an extension to their business whilst remaining in complete control of the process, particularly in regards to whom they accept bids from

Rightmove has been accused of ignoring instances where agents have allegedly re-listed properties that have been sold in a bid to skew figures and boost inventories. An agent, who wishes to remain anonymous, has contacted EAT claiming that at least two agencies in one town were re-listing properties that had actually sold. “I want to bring to your attention the fact that many agents are now blatantly flouting Rightmove data quality rules, giving them an unfair advantage over us that play by the rules and Rightmove are doing nothing to make these agents take down misleading info” claimed the agent. He

Former Dragon James Caan’s private equity firm Hamilton Bradshaw has invested in POD Management, along with entrepreneur Faisal Butt. The new property management company offers services for private landlords, institutions, investors and developers, as well as tenants and freeholders, with round-the-clock access to staff. POD, which stands for Point Of Difference, aims to offer a unique platform to simplify the process of property management, including “multiple points of contact depending on [the customer’s] particular need”. The company, which was founded by property industry veteran David Goldberg, also promises to be available 24/7 “for all enquiries, not just emergencies”, and has a focus