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Sellers twice as likely to use estate agent

Home sellers are twice as likely to use an estate agent when selling their home than in 2007, says

In a poll conducted last year, discovered that 62% of sellers had, or had considered, selling their property without using the services of an estate agent.

However, in a similar survey carried out in August, this figure fell to 32%, as nervous sellers shied away from taking on the full responsibility for their sale, drawn instead back to the added security, professional advice and marketing power provided by an estate agent.

Keith McNeilly, co-founder of, says: “In a difficult climate, where 150 estate agents are reported to be closing down every month, these findings offer some welcome news for those agents trying hard to remain optimistic.

“However the best agents come into their own when the going gets tough, coaxing chains of buyers along, exerting pressure to keep the paperwork moving as well as providing invaluable advice if the buyer gets difficult or attempts gazundering at the last minute.”


Paper could lead to FSA rules

The secured loan industry has moved one step closer to Financial Services Authority regulation after the Association of Finance Brokers published a White Paper on the future of the market last week.

Moodys downgrades B&B

Bradford & Bingley has been downgraded by Moody’s Investors Services in the face of weak capital and a dependence on funding from the Bank of England.The ratings agency says the outlook across all ratings is negative, delivering a blow to investor confidence in B&B assets.Moody’s says its assessment of expected losses indicate the buy-to-let lender […]


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