Bridging lender Fiduciam lent £9m in Easter week, and is still working with all its staff remotely. The lender, which is owned by a pension fund, is on target to close another £10m of loans by the end of April. The £9m of lending this week was mainly in the north of England, at an […]
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Portugal saw an increase in asking prices between February and March 2020, despite the intensity of the global pandemic, analysis from real estate portal Imovirtual has found. The average asking price increased by 1% from €234,038 in February to €236,399 in March. Lisbon saw the asking price increase by €9,552 to €573.021 in March, while […]
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Broker Mortgage for Business has hit out at landlords who ask for repayment holidays that are able to get through this period. The broker said only “a handful” of landlords contacting its switchboard about mortgage repayment holidays are raising legitimate concerns about how to pay their mortgage in the face of the COVID-19 pandemic. Steve […]
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Broker Mortgage for Business has hit out at landlords who ask for repayment holidays that are able to get through this period. The broker said only “a handful” of landlords contacting its switchboard about mortgage repayment holidays are raising legitimate concerns about how to pay their mortgage in the face of the COVID-19 pandemic. Steve […]
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The government will launch an emergency loan scheme for large businesses on Monday. The Coronavirus Large Business Interruption Loan Scheme will be available to all firms with a turnover of more than £45m, who will be able to borrow up to £25m. Companies with a turnover of more than £250m can borrow up to £50m. […]
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Despite being affected by COVID-19 in the short-term Prime London property will be a strong investment in the long run, said Fraser Slater, chief executive of buying agency Ludgrove Property. Prime London benefits from safe-haven buying in times of crisis. The cost of mortgages is also at an all-time low, while the pound is currently […]
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UK households used 15% more heating in March 2020 than the corresponding month last year, tado research found. More homes were occupied in the day due to the coronavirus lockdown, while an average outdoor temperature of 1°C also had an impact. An average UK annual dual fuel heating bill comes in at approximately £1,200, with […]
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Developer Peabody is launching Stonelea Gardens online on Tuesday 21 April, a development located in Leyton in East London. Properties will be available to buy with shared ownership, while potential buyers can choose a suitable time and day to take an interactive virtual tour of the apartments. Andrew Peglau, assistant director of marketing at Peabody, […]
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The government is in talks with housebuilders about extending the Help to Buy scheme beyond April 2021. The Home Builders Federation, whose members deliver around 80% of new homes per year, is reportedly liaising with the government about a possible extension. The COVID-19 lockdown will prevent the construction of around 200,000 new homes according to […]
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Estate and letting agents need the government to extend the Coronavirus Job Retention Scheme past the end of May for the sake of their livelihoods. That was the warning from Jon Cooke, group chief executive of epropservices, parent of The Guild and Fine & Country. Cooke said: “With a large number of staff furloughed and […]
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