The housing market in Wales will partially reopen from today, as home moves can go ahead providing the residential property has been vacant for at least 72 hours. People can move whereby a sale has been agreed but not yet completed, while the marketing and viewing of unoccupied residential properties can once again take place. […]
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Now the market is emerging from the doldrums there are different patterns to before the lockdown. The early signs are there’s more competition for homes than flats. Meanwhile more people are hankering to live in a home with plenty of outdoor space. After spending hours sitting inside you have to say these revelations make sense. In […]
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Lenders have granted 1.9 million mortgage payment holidays due to the Covid-19 pandemic – accounting for one in six mortgages, UK Finance data shows. The amount being deferred is typically £755 per month. Eric Leenders, managing director of UK Finance, said: “Lenders understand that many households will continue to see their finances squeezed as the […]
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The government has extended the ban on commercial landlords evicting their tenants from June 30 to the end of September. A voluntary code of conduct intended to end rental disputes between commercial tenants and landlords is set to be released ahead of next Wednesday. Robert Jenrick, communities secretary, said: “As our high streets come to […]
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Buy-to-let lender Landbay has partnered with conveyancing portal the Lender Exchange. Lender Exchange offers integrated mortgage redemption requests, returning redemption figures in seconds, mortgage offers landing with law firms’ minutes after they’ve been issued by lenders, and Certificates of Title being sent digitally. It also works with lenders and law firms to minimise fraud risks. […]
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Energy suppliers have been given an extra six months to install smart metres due to the pandemic. The deadline for all homes to be offered smart metres has been pushed back to 30 June 2015. Mary-Anne Bowring, group managing director at Ringley, said: “As a managing agent, we welcome this news as unless a block […]
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A code of conduct intended to end rental disputes between landlords and businesses is due to be revealed ahead of the quarterly rent payment day next Wednesday, The Telegraph reports. The guidance will be designed to encourage tenants and landlords to use a third party mediator to resolve disputes. Saleem Fazal, partner at law firm […]
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People are increasingly researching into buying property overseas, research from Rightmove shows. Countries seeing the biggest uplift are Spain, France and Portugal. Searches for overseas property from the UK reached its highest point this year in May 2020, surpassing searches in May last year by a third (33%). International property searches also rose from 50% […]
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Landlords will need the support of letting agencies to ensure they have a comprehensive record of all arrears and communications with tenants, according to rental platform PayProp. Four in five agencies have seen the share of tenants in arrears grow since March. Following a big jump in April, the percentage of tenants in arrears has […]
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Real estate competition across Canada is at a similar level to last year, research from Zoocasa has found. There were 33,051 homes sold across Canada in May 2020, while 59,977 homes were newly listed – meaning the sales-to-new-listings ratio was 55%. In May 2019 there were 54,847 sales and 96,830 listings. However the sales-to-new-listings ratio […]
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