By Jan Večerka, chief executive and founder of BrikkApp The coronavirus is currently devastating the economies of nations around the world, with many countries attempting to precariously balance health and economic interests. As a result, nearly every industry has taken a hit as people simply can’t afford as much in light of the current crisis. […]
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The Financial Conduct Authority has warned mortgage firms to treat customers fairly by reviewing their mortgage rates. This in particular applies to lenders with ‘mortgage prisoners’ on their books, people who don’t qualify for a remortgage under modern stress testing standards who remain on variable rate mortgages they took out before the global financial crisis. […]
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Chancellor Rishi Sunak has pledged to wind down the furlough scheme without there being a cliff edge. Speaking on ITV News yesterday, Sunak said the scheme isn’t a sustainable solution, given that it likely costs as much as the NHS. The Job Retention scheme supports 80% of workers’ salaries up to £2,5000, but only runs […]
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Legal & General Modular Homes has gained planning consent to deliver 154 homes using modular construction at an eight acre site on Portholme Road, Selby in North Yorkshire. L&G’s factory in Sherburn-in-Elmet in Yorkshire reopened following the COVID-19 lockdown last week, after bringing in social distancing practices. The company plans to deliver 3,000 modular homes […]
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Rents dropped in five out of eight regions of the UK in April due to the lockdown, the Goodlord Rental Index has found. Wales and the West Midlands saw the biggest drop, with both regions seeing decreases of 6%. The North East experienced a 4% fall, followed by 2% reductions in average rents for Greater […]
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The popularity of virtual viewings of properties is likely to continue after lockdown measures are eased, according to the OneDome Group. The group, which operates OneDome.com and Nethouseprices.com, said that the coronavirus pandemic has allowed agents and consumers to see the potential of viewing properties remotely. Babek Ismayil, founder and chief executive of OneDome, said: […]
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Grace Mercer works for law firm Thomson Snell & Passmore The Coronavirus Act 2020 (the “CA”) protects commercial tenants from eviction for non-payment of rent until 30 June 2020. However, it does not remove their obligation to pay rent. Claims for possession as a result of forfeiture for rent arrears that have already begun are […]
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The UK may be past the peak of the virus outbreak according to Prime Minister Boris Johnson, but the return to normality is likely to be a slow process. This is reflected by two developers returning to work today in Propect Homes and Higgins. Both may be back at work, but much of Higgins’ staff […]
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A system has launched which automates estate agency tasks like pre-qualifying leads and booking video viewings. Homehere is currently free to use, while an early adopted is Cardiff-based Jeffrey Ross Estate Agents. John Curley of Homehere, said: “Agents have had to furlough staff, close branches and basically shut up shop, yet there is continuing demand […]
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Annual house price growth rose to 3.7% in April 2020, up from 3% in March, Nationwide’s House Price Index has found. Monthly prices rose by 0.7% to £222,915, as Nationwide said the impact of the pandemic is not fully captured by the data. Robert Gardner, Nationwide’s chief economist, said: “In the opening months of 2020, […]
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