The UK’s rental market has started to rebound after falling between March and April, Goodlord’s Lettings Activity Tracker has found. Between April 12th and May 7th new applications rose by 45% and completed tenancies by 22%. Between March 17th, when initial lockdown measures came into effect, and April 14th, the number of new tenancy applications […]
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Mint Bridging has launched a product at 65% LTV with a rate of 0.89% per month up to £400,000. The product is fee-free on loans over £100.000 – under that it comes with an exit fee of £1,500. Sinead Moynihan, head of sales at Mint Bridging, said: “Although April was a particularly demanding month for […]
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Land agent Aston Mead said its sector is continuing to operate in a way which has been relatively untouched by the coronavirus pandemic. Unlike the estate agency sector, which has reportedly seen a drop of around 90% in the level of property sales for the time of year, director Richard Watkins says that land deals […]
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The rise in remote working could result in a property boom in secondary cities and the suburbs, according to a survey from US real estate group Zillow. More than half of employed Americans (56%) have had the opportunity to work from home. Meanwhile last week’s Harris Poll found that 75% of people working from home […]
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The UK furlough scheme has been extended by four months to the end of October, Chancellor Rishi Sunak has announced. Employees will continue to receive up to 80% of their monthly wages up to £2,500. However, from August workers can return to their jobs part-time, with employers being asked to pay towards to the salaries […]
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There are concerns housebuilders are pushing through developments without facing proper scrutiny due to the current lockdown period. One proposed development which prompted a heated response from some locals was in a semi-rural location near Penistone, South Yorkshire. The plan from Barratt & David Wilson Homes is for a 460-home development, which would increase the […]
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Home moves and viewings in England have been given the green light to restart from today. Estate agents can now open and conveyancers can restart business, though they have been told to still adhere to social distancing rules. Buyers and renters were told to delay moving in March. Housing minister Robert Jenrick said: “I am […]
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Jonathan Lilley is a partner and commercial litigator at Blaser Mills Law The commercial real estate market is fast-moving and complex at the best of times and, like many other industries, it is now being turned upside down by the coronavirus pandemic. The sector is starting to see the first signs of stress as businesses […]
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Dogs are being used to detect Japanese knotweed for Environet UK, a specialist in getting rid of the plant. The animals can cover a site in minutes, staying completely still if they detect the plant, even if the knotweed rhizome is in small quantities. The dogs being used are two one-year-old Fox Red Labrador Retrievers, […]
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Payment technology company flatfair has launched an online portal called Resolve, which is designed to help landlords and tenants agree a payment plan for rent arrears accrued due to COVID-19. Resolve helps landlords obtain proof of hardship, provide date stamped correspondence, and help them to agree on a clear plan which the tenant has to […]
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