Another week in lockdown – I hope you’re managing to stay safe and sane during this period! If the news is anything to go by you need to make sure you’ve got the finances to get through the next few months. The news that 40% of tenants reckon they will struggle to pay rent in […]
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Chris Salmon is a co-founder and director of Quittance Legal Services The first piece of advice we’ve always given to sellers is “Don’t wait to instruct a solicitor until after you find a buyer”. Under the coronavirus lockdown, this advice is truer now than ever. The property market will be frozen for weeks to come. […]
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The Coronavirus Job Retention Scheme has been extended until the end of June. The government made the decision due to the continued social distancing measures in place. The scheme allows firms to furlough employees, with the government paying cash grants of 80% of their wages up to a maximum of £2,500. Rishi Sunak (pictured), Chancellor […]
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Nicky Stevenson, head of the Fine & Country Associates, will host a four-part webinar series asking luxury agents to share the secrets to their successes. The Mastermind series is open to all agents wondering how to become a luxury estate agent and what a day in the life looks like. Stevenson said: “The market has […]
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Bridging lender Fiduciam lent £9m in Easter week, and is still working with all its staff remotely. The lender, which is owned by a pension fund, is on target to close another £10m of loans by the end of April. The £9m of lending this week was mainly in the north of England, at an […]
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Portugal saw an increase in asking prices between February and March 2020, despite the intensity of the global pandemic, analysis from real estate portal Imovirtual has found. The average asking price increased by 1% from €234,038 in February to €236,399 in March. Lisbon saw the asking price increase by €9,552 to €573.021 in March, while […]
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Broker Mortgage for Business has hit out at landlords who ask for repayment holidays that are able to get through this period. The broker said only “a handful” of landlords contacting its switchboard about mortgage repayment holidays are raising legitimate concerns about how to pay their mortgage in the face of the COVID-19 pandemic. Steve […]
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Broker Mortgage for Business has hit out at landlords who ask for repayment holidays that are able to get through this period. The broker said only “a handful” of landlords contacting its switchboard about mortgage repayment holidays are raising legitimate concerns about how to pay their mortgage in the face of the COVID-19 pandemic. Steve […]
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The government will launch an emergency loan scheme for large businesses on Monday. The Coronavirus Large Business Interruption Loan Scheme will be available to all firms with a turnover of more than £45m, who will be able to borrow up to £25m. Companies with a turnover of more than £250m can borrow up to £50m. […]
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Despite being affected by COVID-19 in the short-term Prime London property will be a strong investment in the long run, said Fraser Slater, chief executive of buying agency Ludgrove Property. Prime London benefits from safe-haven buying in times of crisis. The cost of mortgages is also at an all-time low, while the pound is currently […]
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