News in Brief: Boomin, FTBs, Cladding & More (18/06)

Daily bite-sized proptech and real estate news in partnership with Estate Agent Networking. Today, Stanton looks at Boomin, first-time buyers, the ongoing cladding crisis, and more news.

RICS independent review findings now likely to be published a month late

It would appear that the RICS review is running behind again. It was originally derailed by the original reviewer not being able to finish in time, which meant that Ms Levitt was put in to bat as the second option with an original target date of June for findings. Now though it would seem that further delay is evident.

Research suggests Government-backed 95% loans for FTBs distorts the housing market

Recent analysis suggests that landlords are finding it harder to buy housing stock as a swathe of FTBs are using the new funds that the government has set aside for a new scheme.

The scheme underwrites the risk element in 95% loan to value mortgages, and the 3.9 billion fund is upsetting the balance of who gets the property.

Housing shortage with 75% saying no to new homes on green belt

There has been a lot of noise about building more homes year on year. Though the population grows, the number of new residences being built is woefully under the 300,000 per annum target.

Fishing for the public’s view on the way forward, a recent survey suggests that as many as three-quarters of those asked also feel that the green belt should stay that way and should not be open to development. Something will have to give.

NRLA’s Ben Beadle speaks out about the rent benefit gap

The CEO of NRLA has given an assessment that the government has “fudged” over three million renters in the private rental sector to get the money they need to pay their rent. In that, some are getting other benefits rolled into a single payment the aptly named ‘Universal benefit’ payment.

Over 2000 buildings need cladding removal, but less than 100 a year are being dealt with

The new Shadow Housing Secretary Lucy Howell has come out swinging, saying that it will take over twenty years to have buildings with sub-standard cladding fixed. She claims that Labour’s analysis showed that the work rate is only eight high-rise buildings a month being dealt with, leaving 2,017 properties with hazardous cladding on a waiting list. This means thousands of people are left in a state of limbo and potential danger.

Boomin get new lead in the form of Athena Hubble

Boomin has appointed Athena Hubble as MD, to strengthen the immediate C-suite of Boomin. This is quite a coup as Hubble has a solid background in the portal, commercial, and digital space and is, of course, an original veteran of Zoopla. As the weeks pass, Boomin seems to be getting lots of experienced talent. Watch this space.

Andrew Stanton is the founder of Proptech-PR and Proptech-X. He grows proptech companies using his influence from decades of industry experience and is a consultant to some of the biggest names in global real estate, advising on sales and acquisitions, market positioning, and operations.

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