More agents refuse to sell homes on controversial estate
Posted on Sep 23,2016
By estateagenttoday.co.uk
More agents refuse to sell homes on controversial estate
 
Several agencies have refused to market properties on a social housing estate which was bought by private investors in January.The Mirror reports that haart, Strettons, Estates 17 and Kings Group have joined Foxtons in turning down the opportunity to sell properties on Walthamstow's Butterfields Estate.

The estate, which has over 60 homes, was owned by a charity called Glasspool but sold in January to a private company, Butterfields E17 Ltd.

In March, the firm contacted tenants living on the estate to inform them that it was starting legal action for possession of the properties and all residents would need to find somewhere else to live.

In the past, the tenants – many of whom are families – were paying affordable rents set by Glasspool.

Now, in the event that they are evicted by the estate's new owners, many of them are worried they'll have to live in temporary accommodation and may struggle to get social housing.

Walthamstow MP Stella Creasy – who has a strained relationship with estate and letting agents – has been campaigning alongside local councillor Richard Sweden to try and get a resolution for the tenants.

Local agents are rejecting the opportunity to market the properties on behalf of Butterfields E17 due to concerns over making the tenants homeless.

Last month, Foxtons removed a listing for an apartment on the estate after having learnt of 'residents' concern'.

haart told The Mirror that it was declining to sell the properties due to concerns for local residents, while Strettons told the paper it had agreed to leave the houses alone after meeting some of the residents.
Other Property News
U.K. Real-Estate Funds Question Redemption Strategies Post-Brexit
Listed on Sep 12,2016
By My Property Search
The U.K. vote to leave the European Union whipsawed capital markets all through the world; however the butchery got so awful in the business sector for open-finished U.K....
+Readmore
House price growth slows in September – Halifax
Listed on Oct 10,2016
By My Property Search
Residential property costs kept on cooling in September as the property advertise relaxes, with the most recent information from Halifax uncovering that yearly picks up e...
+Readmore
London house prices forecast to fall next year
Listed on Oct 27,2016
By My Property Search
Cost of residential property in London are set to fall one year from now as vulnerability about the UK's exit from the European Un...
+Readmore
Brexit Vote Roils Real-Estate Markets
Listed on Jun 30,2016
By The Wall Street Journal
The effects of the U.K. vote to leave the European Union are starting to ripple through property markets as investors pile out of publicly traded real-estate companies in...
+Readmore
Buy to let property investors in UK still positive post Brexit
Listed on Aug 17,2016
By Larissa
Trust in the loaning environment stays unaltered for purchase to let property dealors in the UK after the notable vote to leave th...
+Readmore