View more on these topics

US auction firm to launch into UK

America’s leading real estate auction company is to launch its auction business in the UK market at the end of March.

More than 500 bank and lender repossessed homes in England, Wales, Scotland and Northern Ireland will be sold at five separate auctions running from Tuesday March 31 to Sunday April 5.

The US auction house REDC will be detailing the properties on US website Auctiontoday.co.uk.

REDC is making a major investment in this first round of UK auctions with a massive marketing campaign and hundreds of TV, press and outdoor advertisements.

Each auction will be a large-scale event at a major venue with full assistance on site for potential buyers.

Jeffrey Frieden, CEO and co-founder of REDC and AuctionToday.co.uk, says: “Unlike traditional auction houses, which have restricted their pool of potential buyers to groups of savvy investors, REDC’s model is built on exposing its auction properties to as many people and as many markets as possible.

“We believe that everyone should be entitled to a bargain not just a select group of professional property investors.”

Recommended

McCormack appointed MD of Connells Asset Management

Connells has appointed Roland McCormack as managing director of its asset management division.McCormack will take up his role on Thursday, 20 April.He has fifteen years lending experience most recently as managing director of Bristol & West Mortgages and prior to that as managing director of Bank of Ireland Mortgages. David Livesey, group chief executive officer […]

Printing money won’t solve all our problems

Quantitative easing is the latest economic catchphrase to get to grips with, and unless you have an in-depth knowledge of Japanese economics in the past decade it’s unlikely to be a term you are familiar with.

Health - thumbnail

Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.

Newsletter

News and expert analysis straight to your inbox

Sign up