Expat mortgage broker Guy Stephenson of Offshoreonline is positive interest in UK property from overseas will start strong once the UK lockdown is lifted. Stephenson said enquiries are now coming from Asia, adding that some parts of the world are less affected by the outbreak than the UK. He said: “The vast majority of expat […]
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Enquiries, sales volumes and instructions all fell off a cliff in March due to the coronavirus pandemic, the RICS UK Residential Survey found. Government measures introduced to combat the spread of the virus require estate agents to close their offices, as RICS branded activity ‘frozen’. A net balance of -74% of surveyors across the UK […]
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NHS workers are being provided with free parking by YourParkingSpace.co.uk in partnership with property businesses including Hammerson Plc and Canary Wharf Group. By registering on YourParkingSpace, NHS workers are provided with a unique code which enables them to use their NHS credentials to reserve spaces in over 900 car parks nationwide. Harrison Woods, chief executive […]
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Carmarthenshire is the most affordable rental location for successful self-isolation, research from Hamilton Fraser’s deposit replacement scheme, Ome, has found. It has an average monthly rent of £458, making it the most affordable of all areas with 100 people or less per square kilometre. The area is home to an estimated population of 187,568 people […]
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Estate agents have been urged to mitigate increases to professional indemnity insurance claims by having a vigilant risk management strategy. In economic downturns there are more professional indemnity claims, coinciding with rises in premiums and new legislation – and it should be no different with COVID-19. Paul Offley, the in-house compliance officer for epropservices, the […]
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Remortgage instructions have fallen by 20% since the government unveiled its restrictions on social gatherings in mid-March. Since then volumes have been fairly steady at a lower level. Tighter lending criteria, consumer income reduction & unemployment, and loss of all physical contact are all having an impact. The research comes from conveyancing solutions provider LMS, […]
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The government needs to start paying furloughed workers under the Coronavirus Job Retention Scheme by the end of April as the construction industry is at crisis point, Richard Beresford of the National Federation of Builders warned. Yesterday Jim Harra, chief executive of HM Revenue and Customs, announced that the scheme is due to open on […]
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Orchard Street Investment Management has completed the sale of an NHS logistics unit operated by Unipart in Normanton, West Yorkshire, to Urban Logistics REIT for £12.9m. This 152,348 sq ft industrial property was acquired as part of a portfolio in 2006, while the sale price reflects a net initial yield of 5.24%. Orchard Street recently […]
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People who’ve been planning to buy or sell a property expect to suspend their plans for five months on average, research by online mortgage broker Trussle found. While the government discouraged buyers and sellers from moving house in late March, half (49%) of those who planned to buy had already stopped looking due to COVID-19. […]
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Sheards Accountants has collated helpful advice on how landlords can put plans in place should the unfortunate and unexpected arise. Many landlords across the UK are facing the uncertainty of whether tenants will be able to keep up with rental payments as a result of the Coronavirus pandemic. Some support has been offered by the […]
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