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Southend-based Estate and Lettings Agency, Pace Plc has been short-listed for ‘Best Estate Agent’ at this year’s ESTAS Awards, in the regional South East category. The ESTAS is a customer service recognition scheme designed to help Residential Sales and Lettings agencies, suppliers, mortgage brokers & conveyancers be acknowledged regionally and nationally for the excellent standard of customer service they provide. Entry to the awards is open to all Estate & Letting agents in the British Isles with a single office or more.
The ESTAS is a customer service recognition scheme designed to help Residential Sales and Lettings agencies, suppliers, mortgage brokers & conveyancers be acknowledged regionally and nationally for the excellent standard of customer service they provide. Entry to the awards is open to all Estate & Letting agents in the British Isles with a single office or more.
Monday of this week saw the launch of the aptly named ‘OnTheMarket’ property portal, a new website showcasing property for sale or rent in the UK. The site has been established by a group of estate and lettings agents frustrated with the rising cost of listing with the ‘big two’ property portals, Rightmove and Zoopla.
The mortgage rate war shows no signs of slowing as lenders continue to drop rates in January. Some lenders are now offering rates as low as 2.39 per cent on five-year fixed rates, albeit whilst carrying a £1,450 fee and only being open to borrowers with a deposit of a minimum of 35 per cent. Due to low inflation and the delayed rise of interest rates, the mortgage market is anticipated to be even more competitive this year than 2014. Coupled with the introduction of the Mortgage Market Review (MMR) last year, lenders are currently trying to hit targets they may have missed.
The approaching changes to pension legislation will create both opportunity and possible confusion. This year, the Chancellor has proposed some surprising, but very welcome, changes to the rules on how pension benefits can be accessed. The changes being lined up have been largely well-received, but those eligible to take advantage of the new rules may be confused by the number of choices available. There are two big changes. The first one relates to the way people can take benefits at retirement and means that people will be able to take the whole of their fund as one lump sum if they choose. The other change is to do with the way pension benefits are taxed on death.

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