According to the National Association of Estate Agents (NAEA), the average estate agent sold seven properties in October, up from just six in September, while figures from Hometrack indicate that the number of house sales agreed rose by 5.3%. This rise is evidence that sellers are now being more realistic with their prices and that people still want to move - a glimmer of hope perhaps for the mortgage industry.
Christopher Taylor, CEO of London & European explained: “Too many brokers stay committed to their local solicitor that they’ve probably had a relationship with for years, losing out on a profitable source of income. While the news from the NAEA and Hometrack might offer a glimmer of hope, the reality is that our industry will be digging-in for a long harsh winter. Old loyalties may not be enough to sustain brokers in view of the attractive commissions available to them from online conveyancing services like ours. Brokers should be making the most income they can from each and every case they manage.”
