Mayor of London Sadiq Khan has warned that many of London’s private renters are facing imminent homelessness, unless the government acts to properly protect them from eviction. In March the government announced the suspension of evictions for three months to stop renters losing their homes during the crisis. Despite this, some landlords have still issued […]
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Residential landlords are heavily exposed to younger people falling into financial distress as a high proportion of young people work in retail or the gig economy, research by payment technology firm flatfair and real estate investor Rowan Asset Management has found. Nearly one in two of the over 2.8 million retail workers in the UK […]
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Less than 5% of tenants are in arrears across the Belvoir property franchise. There has been a fall in new arrears between mid-April and mid-May. Before the lockdown the number in arrears was at 2%. Dorian Gonsalves, chief executive of Belvoir, said: “We have been monitoring rent arrears across all four brands – Belvoir, Northwood, […]
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The financial services sector in Guernsey is preparing to come out of Covid-19 lockdown at the end of the week. The island went into lockdown on 24 March but has had no new Covid-19 cases for four weeks. There are currently no known active cases in the island. The move to phase four of the […]
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The majority of landlords have backed the Landlords Union, a lobby group of property tycoons and high net worth investors. The collective has argued that government legislation which prevents them from ‘aggressively’ collecting rent and evicting tenants during the pandemic has put the onus on landlords to provide “a financial backstop for huge swathes of […]
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Fintech investment in the UK has risen by 500% in the last three years, compared to 170% for the USA and 133% for Europe, research from recruitment firm Robert Walters has revealed. Since 2018 the UK fintech market has outstripped the USA and Europe for investment deals. Tom Chambers, senior manager – technology (London) at […]
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Proptech firm Yourkeys is letting housebuilders use its platform at a discount until the end of October. The software is said to facilitate faster progression of sales through integrations with over 2,000 conveyancers and mortgage brokers. You can also conduct buyer checks, ID verification and automated document generation using the platform. The company waived its […]
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Leicester is the best city in the UK to invest in property and start a new business, a report by savings marketplace Raisin claimed. The business survival rate in the city is over 91% and house prices have risen by 28.3% in the past two years, The average house price in Leicester is £246,000, which […]
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Some 20% of property investors were planning on buying one or more properties in 2020 but will no longer be doing so due to COVID-19, research from FJP Investment has revealed. This figure rises to 39% for younger investors aged between 18 and 34. There is uncertainty regarding whether property is a safe and secure […]
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Housing demand surged by 88% the week after the market opened, Zoopla’s UK Cities House Price Index Report has revealed. Buyer demand is said to be above levels seen before the lockdown began in March, suggesting there was some pent up demand. Demand has risen by 40% from pre-coronavirus levels in the coastal cities of […]
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