Audley Group calls for clarity on what ‘critical home move’ means


Audley Group managing director Kevin Shaw has called on the government to provide greater detail on what counts as a ‘critical home move’. Shaw added that this should include people moving into retirement communities. In the government’s guidance to homemovers and other property professionals released yesterday, it said that the police’s emergency enforcement powers are […]

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Mortgage offers extended by three months


Mortgage lenders are giving customers who have exchanged contracts the option to extend their mortgage offer by up to three months, so they can move at a later date. The current social distancing measures mean that people are looking to delay moving house. Stephen Jones, chief executive of UK Finance, said: “To support these customers […]

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Government urges people to delay moving house in guide


The government has told buyers and renters that they should delay moving to a new house if possible, in a guide published yesterday. Estate agents, conveyancers and surveyors have also been given guidance, which details how they need to support people who want to buy or sell during this period. While the public have been […]

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Landlords warned to take note of impending energy efficiency regulation


Landlords have been warned to take note of the upcoming Minimum Energy Efficiency Standard regulation coming into force on 1 April. The changes mean properties where tenancies pre-date April 2018 have to have an Energy Performance Rating above E. Asaf Navot, chief executive at proptech lettings service Home Made, said: “Given the COVID-19 crisis, it […]

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How to successfully navigate the property market in uncertain times


Bruce Burkitt, founder and managing director at Property Experts These are difficult times in the property market, with a constantly changing situation creating a great deal of uncertainty. The world is facing a crisis and now the UK is in a temporary lockdown, but the outlook for the property market is not as bleak as […]

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Government extends support to self-employed


The government will support the UK’s self-employed workers with a cash grant of 80% of their profits over the past three years, up to £2,500 per month. They will receive cash for three months, from what is known as the Self-Employed Income Support Scheme. This is designed to bring parity with the Coronavirus Job Retention […]

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Mortgage lenders pull back from lending – roundup


Mortgage lenders are reducing or pulling out of new mortgage lending owing to the coronavirus pandemic. Barclays has withdrawn over 60 mortgage products, most of which comprise of deals over 60% loan-to-value. The lender has pulled out of portfolio buy-to-let entirely, while it is also restricting lending volumes. Specialist lenders Vida Homeloans and Together, as […]

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Michael Gove urges people not to move


People should stop plans to exchange house contracts or rent somewhere new, cabinet minister Michael Gove has said. Potential buyers have already been cancelling viewings with estate agents, while mortgage lenders including Barclays are limiting their lending. Gove said: “If it is possible, pause. “There will be specific circumstances where moving down that chain, the […]

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US mortgage rates jump after refinance rush


Mortgage rates in the US have risen after there was a rush to refinance in early March, a Zillow real estate report shows.  Refinancing was up 479% year on-year in early March, with the Federal Reserve cutting interest rates twice to 0.25% over the period. Since then however typical mortgage rates have jumped by a […]

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Estate agents given business rates exemption


Estate and letting agents that closed due to coronavirus will be exempt from business rates in the next financial year. If businesses have already made a payment they will be refunded by their local authority. Rishi Sunak, Chancellor, said: “We are determined to do whatever it takes to support businesses during Covid-19, which is why […]

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