The first Friday out of lockdown is likely to be one of the biggest moving days in the lettings industry’s history, ARLA’s David Cox has predicted. Speaking at a Goodlord webinar this morning, Cox (pictured) told 1,000 professionals tuning in that the enforced nature of the market slowdown would, unlike the situation in 2008, lead […]
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The developer Higgins will reopen the majority of its sites from Monday 4 May in accordance of government guidelines. The firm said it has been working closely with clients and its supply chain to understand the challenges they face to get back on sit. Steve Leakey, managing director of Higgins, said: “Health and Safety remains our […]
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Remortgage instructions picked up by 12.8% last week, compared to the week before, data from conveyancing solutions provider LMS has found. Instructions are down 15% compared to levels immediately before the lockdown. There are set to be 4% fewer completions in April compared to March. Unsurprisingly more remortgages are being cancelled, as 6.7% were halted […]
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NAEA Propertymark offers advice for those looking to get their property ready to sell while they have a little more time on their hands Whether you were hoping to downsize or acquire some extra space, the outbreak of COVID-19 will have brought your house selling plans to a temporary halt. However, selling your home can […]
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Which? has identified 50 scam profiles, pages and groups across Facebook, Twitter and Instagram with clear evidence of blatant criminal activity. This included advertising stolen identities, credit card details, compromised Netflix and Uber Eats accounts and fake passports made to order. With fraud cases rising by a fifth in the last year and losses to […]
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haart estate agents have launched an online property portal called Off Market, which is designed to put buyers and sellers in touch remotely during the lockdown period. The idea is for the portal to facilitate a fully property transaction when it’s safe to do so. Using the social media service, FLINK, an advert is created […]
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Masthaven Bank has launched free-free remortgage products at 3.59% for a 2-year fix and 3.99% for a 5-year fix, both up to 65% loan-to-value. Products come with a minimum loan of £40,000 and a maximum of £250,000, with a 2% early repayment charge in year one and 1% from year two to five. Rob Barnard […]
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Customers coming to the end of their mortgage deal will now be offered a product transfer by their lender – even if they are taking a mortgage payment holiday. UK Finance said these new measures have come about due to the ‘current exceptional circumstances’ Around one million customers are expected to reach the end of […]
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Mortgage lenders have offered 1.6 million payment holidays to customers impacted by coronavirus – amounting to one in seven, UK Finance Data shows. These customers are also able to take out a product transfer at the end of their deal, after a rule change from lenders. Miles Robinson, head of mortgages at online mortgage broker […]
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The number of tenants paying rent late only rose by 2% in the last month, according to property technology company Goodlord. Since March 11 the proportion of tenants owing rent after seven days rose from 4% to 6%. Likewise, less than 1% of landlords are processing rental insurance claims, indicating that they are not yet […]
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