House viewings have rapidly declined due to the coronavirus pandemic, according to anecdotal evidence from estate agents. However, many home sales appear to still be going through. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “Viewings are probably down 50% now, rather than the 25% we saw a week ago, […]
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Labour leader Jeremy Corbyn has called for rent and mortgage deferrals in response to the COVID-19 pandemic. In a letter to Prime Minister Boris Johnson, Corbyn said action must be taken to ensure landlords cannot evict tenants, and mortgage companies cannot take action against homeowners. He added that the government should work with banks and […]
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There is a growing trend of renters looking to get out of the city due to the COVID-19 pandemic, according to Guy Meacock, director of buying agency Prime Purchase. He said: “The rental market in the country is busy with a growing trend of people getting out of the city to what is seen as […]
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Sometimes it’s hard to come up with a topic for this weekly opinion piece – not this week. It’s been a surreal one, with the Budget announcement coming in the middle of the global pandemic of COVID-19 and after an emergency 0.50% base rate cut. In terms of housing there were few surprises, though the […]
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Sangita Manek is partner at Blaser Mills Law Renting out your property is a great way to create an additional income and increase your assets but going from ‘homeowner and occupier’ to ‘landlord’ can be overwhelming. It’s crucial to understand the legal responsibilities you need to fulfil to protect yourself from potential disputes. Here are […]
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The price gap between the first and second rung of the UK property ladder has more than doubled since the global financial crash, according to Land Registry data analysed by modular housebuilder Project Etopia. Sold house price data shows that the price difference between an average flat and terraced house has grown by 141% — […]
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A think tank has called on the next Mayor of London to launch a programme of affordable house building, review the green belt and develop a ‘fair and transparent’ approach to setting rents. Centre for London said housing supply is failing to keep pace with the city’s growth, while housing is increasingly unaffordable to Londoners […]
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Foreign buyers and British expats are expected to show more interest in UK buy-to-let ahead of the 2% stamp duty surcharge coming into force in April 2021. That is according to numerous property professionals, following the announcement made in the Budget on Wednesday. Andy Foote, director at investment company SevenCapital, said: “Ahead of the April […]
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The government has unveiled plans to revamp the planning system, in a document entitled Planning for the Future. The changes should make it easier for developers to demolish vacant buildings and replace them with new homes. Councils will be encouraged to build upwards, as well as above and around stations. The government said it will […]
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Jude Salmon, property associate, Joelson The Ministry of Housing, Communities & Local Government is the latest body to call time on ground rents, subjecting all leasehold properties sold under the 2021-23 Help to Buy Scheme to a peppercorn ground rent Although there are many that argue that ground rents on new build developments have got […]
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