Which? has identified 50 scam profiles, pages and groups across Facebook, Twitter and Instagram with clear evidence of blatant criminal activity. This included advertising stolen identities, credit card details, compromised Netflix and Uber Eats accounts and fake passports made to order. With fraud cases rising by a fifth in the last year and losses to […]
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haart estate agents have launched an online property portal called Off Market, which is designed to put buyers and sellers in touch remotely during the lockdown period. The idea is for the portal to facilitate a fully property transaction when it’s safe to do so. Using the social media service, FLINK, an advert is created […]
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Masthaven Bank has launched free-free remortgage products at 3.59% for a 2-year fix and 3.99% for a 5-year fix, both up to 65% loan-to-value. Products come with a minimum loan of £40,000 and a maximum of £250,000, with a 2% early repayment charge in year one and 1% from year two to five. Rob Barnard […]
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Customers coming to the end of their mortgage deal will now be offered a product transfer by their lender – even if they are taking a mortgage payment holiday. UK Finance said these new measures have come about due to the ‘current exceptional circumstances’ Around one million customers are expected to reach the end of […]
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Mortgage lenders have offered 1.6 million payment holidays to customers impacted by coronavirus – amounting to one in seven, UK Finance Data shows. These customers are also able to take out a product transfer at the end of their deal, after a rule change from lenders. Miles Robinson, head of mortgages at online mortgage broker […]
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The number of tenants paying rent late only rose by 2% in the last month, according to property technology company Goodlord. Since March 11 the proportion of tenants owing rent after seven days rose from 4% to 6%. Likewise, less than 1% of landlords are processing rental insurance claims, indicating that they are not yet […]
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The impact of coronavirus will be felt for decades, as debt burdens rise and people push back from globalisation, Neil Shearing, group chief economist at Capital Economics has written. Shearing warned we are likely to see the biggest fall in GDP since the Second World War. This is as a result of lockdowns curbing supply […]
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Chancellor Rishi Sunak has unveiled a ‘Bounce Back Loans scheme’ offering loans up to £50,000 interest free for the first 12 months. The amount that can be borrowed is capped at 25% of turnover, while it will open on 4 May. Rishi Sunak, the Chancellor, said: “Our smallest businesses are the backbone of our economy […]
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The current social distancing measures highlight the critical importance of incorporating quality green spaces within housing developments, said ecology consultancy Ecological Planning & Research Ltd (EPR). The lockdown period has been arguably far harder to cope with mentally for people with limited access to green space. Ben Kite, managing director of EPR, said: “The limitations […]
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Latinx, Asian and black households in the US are feeling the impact of job losses due to COVID-19 most severely, Zillow analysis shows. More than 22 million Americans have filed unemployment insurance claims over the past four weeks, including many in the food, arts and retail industries. Latinx, Asian and black workers are disproportionately represented […]
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