Real estate law firm Forsters is acquiring Orrick’s UK real estate practice. The three partner, 10 lawyer Orrick team, led by Anne O’Neill will join Forsters on 15 April 2020. Joining O’Neill as partners will be Andrew Denye and Sara Branch, both of whom have worked with her for over 20 years. Orrick’s clients include […]
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Nationwide’s house price index was dubbed a ‘surrealist manifesto’ yesterday, given that it reflected the the state of the market before the coronavirus outbreak put the brakes on activity. In March property prices grew by 0.8% month-on-month and 3.0% year-on-year to bring the average up to £219,583. Jonathan Samuels, chief executive of the property lender, […]
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There was a surge in demand from renters in early March before they became unable and unwilling to move, research from Goodlord shows. There was a surge in demand in the first week, before activity fell away from 7 March. Tenancy volumes currently sit at around 60% compared to this time last year. Tom Mundy, […]
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The Financial Conduct Authority has unveiled a range of temporary measures that will affect financial firms, coming into force by 9 April. The FCA expects firms to offer a temporary payment freeze on loans and credit cards where consumers face difficulties with their finances as a result of coronavirus, for up to three months. Customers […]
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The government will lower the height threshold where sprinklers are required in blocks to 11 metres, down from 30. Housing Secretary Robert Jenrick will hold a roundtable with mortgage lenders to agree an approach to mortgage valuations for properties in buildings under 18 metres tall, which it said would provide certainty for owners affected by […]
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Nicholas Maestri is director – head of property of Bargate Murray The coronavirus crisis has delivered a seismic shock to the global economy. Many economist now predict an imminent global recession. The property market is clearly not immune to this crisis. However, despite ever-tightening travel and social distancing restrictions, some innovative estate agents have found […]
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Some 78% of landlords have caught a tenant lying about keeping a pet, a study by CIA Landlord found. Only 18% of landlords allow all types of pets within their property, while many charge extra for tenants with pets. Landlords typically report having to pay an average of £183 to repair damage to their property […]
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The City of York Council has halted the annual rent increase affecting social tenants for three months due to coronavirus outbreak. The council said it is unable to reverse the annual increase in the billing system, which happens at the start of the financial year, but the increase will be refunded. Council tenants are asked […]
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Virtual training webinars have been launched to help support the housebuilding sector during the Covid-19 outbreak. Warranty and insurance provider NHBC is hosting free webinars every day from April 1 to help homebuilders and their supply chain keep up to date on a wide range of topics such as NHBC standards, building regulations, onsite good […]
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Renters are being urged to have an “honest and frank conversation” with their landlord as new measures are announced amid the COVID-19 pandemic. TDS, a government-approved tenancy deposit protection scheme, called for tenants and landlords to work together to ensure both sides can find a mutually beneficial agreement when it comes to paying rent. Steve […]
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