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A number of mortgage businesses have started to adopt a work from home approach owing to the COVID-19 epidemic. Specialist buy-to-let broker Keystone Property Finance will be changing to remote working for all staff. Face-to-face meetings have also been halted between external business development managers and brokers, with meetings being offered via video call, as […]
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The US Federal Reserve has cut its national interest rate to between 0% and 0.25%, a 1% rate cut. Meanwhile the Bank of Canada has cut its interest rate by 0.50% to 0.75% – and there is speculation it could be cut the rate a third time. The current Bank of England base rate is […]
The post US and Canada cut interest rates again – the UK may follow appeared first on PropertyWire.
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The government has published guidance for hostels or day centres providing services for rough sleepers. The government said regularly touched objects and surfaces need to be cleaned, members of staff should be sent home if they are unwell, while if a resident of a hostel becomes unwell they should stay in their room. The guidance […]
The post Government publishes COVID-19 guide for rough sleeper providers appeared first on PropertyWire.
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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, […]
The post Viewings collapsing due to coronavirus appeared first on PropertyWire.
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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 […]
The post Jeremy Corbyn: Suspend rent and mortgage payments for those affected appeared first on PropertyWire.
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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 […]
The post Renters leaving London appeared first on PropertyWire.
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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 […]
The post The coronavirus Budget appeared first on PropertyWire.
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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 […]
The post Thinking of renting out your property? Here are the main legal issues you need to be aware of appeared first on PropertyWire.
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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% — […]
The post Second stepper price gap widens appeared first on PropertyWire.
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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 […]
The post Think tank: Next Mayor of London should focus on supply and affordability appeared first on PropertyWire.
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