Buy-to-let broker Property Master has called on lenders to ensure the understanding approach they are taking to personal customers is extended to landlords. Landlords are already reporting cases of tenants facing difficulties in paying their rent as work dries up or they self-isolate. Angus Stewart, chief executive of Property Master, said: “We are already hearing […]
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Saffron Building Society has pulled its buy-to-let product range, instead switching its focus to first-time buyers. Meanwhile Vida Homeloans has hiked its 2 and 5-year fixed rate buy-to-let products across its ‘Vida 1 and Vida 2’ ranges by 0.50% – in a step likely designed to reduce the amount of business it will receive. The […]
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A number of mortgage businesses have started to adopt a work from home approach owing to the COVID-19 epidemic. Specialist buy-to-let broker Keystone Property Finance will be changing to remote working for all staff. Face-to-face meetings have also been halted between external business development managers and brokers, with meetings being offered via video call, as […]
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The US Federal Reserve has cut its national interest rate to between 0% and 0.25%, a 1% rate cut. Meanwhile the Bank of Canada has cut its interest rate by 0.50% to 0.75% – and there is speculation it could be cut the rate a third time. The current Bank of England base rate is […]
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The government has published guidance for hostels or day centres providing services for rough sleepers. The government said regularly touched objects and surfaces need to be cleaned, members of staff should be sent home if they are unwell, while if a resident of a hostel becomes unwell they should stay in their room. The guidance […]
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House viewings have rapidly declined due to the coronavirus pandemic, according to anecdotal evidence from estate agents. However, many home sales appear to still be going through. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “Viewings are probably down 50% now, rather than the 25% we saw a week ago, […]
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Labour leader Jeremy Corbyn has called for rent and mortgage deferrals in response to the COVID-19 pandemic. In a letter to Prime Minister Boris Johnson, Corbyn said action must be taken to ensure landlords cannot evict tenants, and mortgage companies cannot take action against homeowners. He added that the government should work with banks and […]
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There is a growing trend of renters looking to get out of the city due to the COVID-19 pandemic, according to Guy Meacock, director of buying agency Prime Purchase. He said: “The rental market in the country is busy with a growing trend of people getting out of the city to what is seen as […]
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Sometimes it’s hard to come up with a topic for this weekly opinion piece – not this week. It’s been a surreal one, with the Budget announcement coming in the middle of the global pandemic of COVID-19 and after an emergency 0.50% base rate cut. In terms of housing there were few surprises, though the […]
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Sangita Manek is partner at Blaser Mills Law Renting out your property is a great way to create an additional income and increase your assets but going from ‘homeowner and occupier’ to ‘landlord’ can be overwhelming. It’s crucial to understand the legal responsibilities you need to fulfil to protect yourself from potential disputes. Here are […]
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