The government needs to start paying furloughed workers under the Coronavirus Job Retention Scheme by the end of April as the construction industry is at crisis point, Richard Beresford of the National Federation of Builders warned. Yesterday Jim Harra, chief executive of HM Revenue and Customs, announced that the scheme is due to open on […]
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Orchard Street Investment Management has completed the sale of an NHS logistics unit operated by Unipart in Normanton, West Yorkshire, to Urban Logistics REIT for £12.9m. This 152,348 sq ft industrial property was acquired as part of a portfolio in 2006, while the sale price reflects a net initial yield of 5.24%. Orchard Street recently […]
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People who’ve been planning to buy or sell a property expect to suspend their plans for five months on average, research by online mortgage broker Trussle found. While the government discouraged buyers and sellers from moving house in late March, half (49%) of those who planned to buy had already stopped looking due to COVID-19. […]
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Sheards Accountants has collated helpful advice on how landlords can put plans in place should the unfortunate and unexpected arise. Many landlords across the UK are facing the uncertainty of whether tenants will be able to keep up with rental payments as a result of the Coronavirus pandemic. Some support has been offered by the […]
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Fintech firm Canopy is offering letting agents and landlords its tenant screening service for free over the next three months. To be eligible people need to sign up the referencing service until 30 June 2020 for 18 months, though they can cancel at any time by giving three months’ notice if they are unhappy with […]
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Tech firm Credas implemented its remote identity verification software in 70 offices on behalf of UK estate agent Connells this week. Connells, which has 600 branches around the UK, closed its offices temporarily on March 31. The agency requested more remote solutions as a result of the crisis. Rhys David, chief executive of Credas, said: […]
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The Council for Licensed Conveyancers will give the firms it regulates the option of deferring the regulatory fees they pay to help them cope with the coronavirus crisis. Conveyancers have the option of deferring payment of Practice Fee and Compensation Fund contributions for April, May and June. Firms deferring their payments will be given the […]
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Zoopla has increased its three months free plan to five months of free portal usage for agents. The two month extension will be applied automatically to customers who have already subscribed or are in the process of subscribing to the three-months free plan, as well as new customers interested in signing up to the new […]
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Agents using lettings platform Goodlord can now suspend their monthly subscription fee and instead pay a set fee per transaction for access to the platform. With tenancy renewals likely to be a focus of most lettings operations in the next few months, and with agents needing to handle the work remotely, the company is also […]
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Construction output fell at the sharpest rate since April 2009 in March due to COVID-19. The seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index dropped to 39.3 in March from 52.6 in February. Below 50 shows a decline in the index. Residential activity was at 46.6, with commercial building work standing at 35.7. Tim […]
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