Gareth Samples will be appointed as chief executive of the Property Franchise Group from 30 April. Samples has been working with current CEO Ian Wilson to form a strategy on coping with the impact of COVID-19 before the latter’s retirement at the end of the month. The company, which comprises of six estate and lettings […]
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Today’s news that 85% of buy-to-let lenders still remain in the market demonstrates how robust these institutions are. I think we’re seeing evidence that the reaction to the global financial crisis – where firms started lending more carefully and having plenty of capital in reserve – means they better set up to withstand difficult conditions […]
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Some 42 of the 49 buy-to-let lenders operating at the beginning of March are still lending despite the impact of coronavirus, analysis from Mortgages for Business shows. Together Money and Vida Homeloans have both pulled out of the market, while HSBC is no longer accepting buy-to-let applications. However Santander, Clydesdale, Precise Mortgages and Kent Reliance […]
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Miles Robinson, head of mortgages at online mortgage broker, Trussle We’re living through an extraordinary health and economic crisis. We’ve not experienced anything quite like this in our modern day. The coronavirus outbreak has caused disruption across the economy, and we’re now feeling the impact in the mortgage market too. As the situation continues to […]
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Seven out of 10 (70%) tenancies that were due to end in March were renewed – as people looked to stay put amid the lockdown, the Hamptons International Lettings Index has found. This is the highest level recorded in any March since 2008, when 77% of tenants renewed. However, rents on renewed tenancies in Great […]
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Huddersfield based property firm Bramleys worked with property developer Heywood Homes to turn round a house completion in a record eight working days despite the current situation. The firm received a call from a client that needed a property to move into immediately, and after speaking to the Heywood Homes team the couple were able […]
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A web app has launched called Agent.Direct which allows estate agents to conduct valuations, viewings and identification checks via video call. The app is currently being tested with a small group of customers. Joe Little from Agent.Direct, said: “Our business is building technology products for the property industry. “The estate agents we spoke to were […]
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A remote valuation service has launched from epropservices, parent company of The Guild of Property Professionals and Fine & Country. The service, developed in response to the current lockdown, is available to Fine & Country and Guild members from today. Jon Cooke, group chief executive of epropservices, said: “I commend and thank the tech team, […]
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Knight Frank has advised businesses on behavioural and environmental changes they need to make when returning to work. Firstly, the agent said strict protocols such as clear desk policies need to be applied, adding that social distancing is possible within the workplace. Companies should also increase air flow by changing HVAC filters or enhancing cleaning […]
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Alpa Bhakta, chief executive of Butterfield Mortgages Limited Those who have been keeping a keen eye on the prime central London (PCL) property market over the last five years would have noticed significant spikes and troughs in demand. However, nothing could have prepared investors for the unprecedented economic impact of COVID-19. Just as market uncertainty […]
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