I spoke to Simon Pelling last week, the director of an online agent that primarily caters for non-doms living in Spain. He highlighted an interesting point – before COVID-19 was on everyone’s lips people were looking to get deals over the line before the Brexit deadline at the end of the year. However, both buyers […]
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More support is needed for those running small businesses who fall between the gap in schemes to support employees and the self-employed, the Federation of Master Builders (FMB) has stated in a letter to Chancellor Rishi Sunak (pictured). A survey of 589 FMB members, which comprise of small and medium sized builder companies, found that […]
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Ian Larkin, chief executive of broker Trussle, said now is the time for the mortgage industry to automate more of the home financing journey after the disruption caused by coronavirus. He noted that the buyers’ market has gone into shutdown as people are no longer allowed out to view houses, lenders are withdrawing their products, […]
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Luxury bungalow provider RoyaleLife is offering 21 lodges to National Health Service (NHS) workers in Rutland for free during the COVID-19 pandemic. After reports that more than 20,000 extra staff have joined the NHS to help fight the disease, the provider has pledged to supply 21 of its 2-to-3-bedroom holiday lodges from its sister company […]
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Russell Gould is an ecommerce specialist, chief executive of Vesta, advisor to fintech and proptech start-ups and is a mentor for Cambridge Judge Business School’s Masters in Entrepreneurship The global property market is facing unprecedented challenges as it battles against the consequences of social policies aimed at reducing COVID-19 infections. In the UK, physical viewings […]
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Aldermore is still offering buy-to-let products up to 75% loan-to-value, as well as residential purchase and remortgage products to 85% LTV. The bank said the change will allow it to focus on supporting existing customers Jon Cooper, head of mortgage distribution, Aldermore, said: “It has been an extraordinary few weeks for the industry and the […]
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Real estate law firm Forsters is acquiring Orrick’s UK real estate practice. The three partner, 10 lawyer Orrick team, led by Anne O’Neill will join Forsters on 15 April 2020. Joining O’Neill as partners will be Andrew Denye and Sara Branch, both of whom have worked with her for over 20 years. Orrick’s clients include […]
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Nationwide’s house price index was dubbed a ‘surrealist manifesto’ yesterday, given that it reflected the the state of the market before the coronavirus outbreak put the brakes on activity. In March property prices grew by 0.8% month-on-month and 3.0% year-on-year to bring the average up to £219,583. Jonathan Samuels, chief executive of the property lender, […]
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There was a surge in demand from renters in early March before they became unable and unwilling to move, research from Goodlord shows. There was a surge in demand in the first week, before activity fell away from 7 March. Tenancy volumes currently sit at around 60% compared to this time last year. Tom Mundy, […]
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The Financial Conduct Authority has unveiled a range of temporary measures that will affect financial firms, coming into force by 9 April. The FCA expects firms to offer a temporary payment freeze on loans and credit cards where consumers face difficulties with their finances as a result of coronavirus, for up to three months. Customers […]
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