Windsor-based retirement village Castle Village is now offering virtual property tours, highlighting how tours of these kind are becoming increasingly common. Those considering moving into a retirement village, or looking to help a loved one, can explore the building remotely, from the front door to the lounge, to the choice of apartments, the restaurant, bars […]
The post Castle View now offering virtual retirement tours appeared first on PropertyWire.
Specialist lender West One Loans has reintroduced its buy-to-let second charge product range. The lender accepts applications from self-employed borrowers up to 75% loan-to-value, while it accepts AVMS on Apex 1 plans up to 65% LTV. The lender has removed restrictions on acceptable loan purposes. Marie Grundy, sales director for West One said: “I am […]
The post West One Loans reintroduces buy-to-let second charge appeared first on PropertyWire.
British buyers of property overseas through a mortgage from a foreign bank are having a tough time seeking assistance during the COVID-19 pandemic, overseas property professional Simon Conn said. The exception appears to be banks in Italy, who have shown willing to renegotiate the interest rates on loans. Meanwhile Italian mortgage contracts normally have a clause […]
The post Foreign banks unsympathetic towards British buyers – except from in Italy appeared first on PropertyWire.
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. […]
The post Why property investments are a safe choice during the current pandemic appeared first on PropertyWire.
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. […]
The post FCA warns firms to treat mortgage prisoners fairly by reviewing rates appeared first on PropertyWire.
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 […]
The post Chancellor exploring how to ‘wind down’ Job Retention Scheme appeared first on PropertyWire.
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 […]
The post L&G plans for modular homes scheme in North Yorkshire appeared first on PropertyWire.
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 […]
The post Rents dip in April appeared first on PropertyWire.
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: […]
The post Agents urged to prepare for virtual viewings post-lockdown appeared first on PropertyWire.
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 […]
The post Non-payment of rent due to COVID-19: what are the options for commercial landlords and tenants? appeared first on PropertyWire.