NAEA Propertymark: Getting your house ‘sale ready’

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NAEA Propertymark offers advice for those looking to get their property ready to sell while they have a little more time on their hands Whether you were hoping to downsize or acquire some extra space, the outbreak of COVID-19 will have brought your house selling plans to a temporary halt. However, selling your home can […]

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‘Scammers running riot on social media’

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Which? has identified 50 scam profiles, pages and groups across Facebook, Twitter and Instagram with clear evidence of blatant criminal activity. This included advertising stolen identities, credit card details, compromised Netflix and Uber Eats accounts and fake passports made to order. With fraud cases rising by a fifth in the last year and losses to […]

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haart launches ‘Off Market’ portal for the lockdown period

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haart estate agents have launched an online property portal called Off Market, which is designed to put buyers and sellers in touch remotely during the lockdown period. The idea is for the portal to facilitate a fully property transaction when it’s safe to do so. Using the social media service, FLINK, an advert is created […]

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Masthaven launches fees-free remortgage range

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Masthaven Bank has launched free-free remortgage products at 3.59% for a 2-year fix and 3.99% for a 5-year fix, both up to 65% loan-to-value. Products come with a minimum loan of £40,000 and a maximum of £250,000, with a 2% early repayment charge in year one and 1% from year two to five. Rob Barnard […]

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Borrowers with a mortgage payment holiday can now take a product transfer

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Customers coming to the end of their mortgage deal will now be offered a product transfer by their lender – even if they are taking a mortgage payment holiday. UK Finance said these new measures have come about due to the ‘current exceptional circumstances’ Around one million customers are expected to reach the end of […]

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One in seven mortgage borrowers have taken a payment holiday

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Mortgage lenders have offered 1.6 million payment holidays to customers impacted by coronavirus – amounting to one in seven, UK Finance Data shows. These customers are also able to take out a product transfer at the end of their deal, after a rule change from lenders. Miles Robinson, head of mortgages at online mortgage broker […]

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Late rental payments only rise by 2%

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The number of tenants paying rent late only rose by 2% in the last month, according to property technology company Goodlord. Since March 11 the proportion of tenants owing rent after seven days rose from 4% to 6%. Likewise, less than 1% of landlords are processing rental insurance claims, indicating that they are not yet […]

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The effects of coronavirus to reverberate for decades to come

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The impact of coronavirus will be felt for decades, as debt burdens rise and people push back from globalisation, Neil Shearing, group chief economist at Capital Economics has written. Shearing warned we are likely to see the biggest fall in GDP since the Second World War. This is as a result of lockdowns curbing supply […]

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Chancellor unveils small business ‘Bounce Back Loans scheme’

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Chancellor Rishi Sunak has unveiled a ‘Bounce Back Loans scheme’ offering loans up to £50,000 interest free for the first 12 months. The amount that can be borrowed is capped at 25% of turnover, while it will open on 4 May. Rishi Sunak, the Chancellor, said: “Our smallest businesses are the backbone of our economy […]

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Covid-19 lockdown period highlights importance of green space in housing developments

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The current social distancing measures highlight the critical importance of incorporating quality green spaces within housing developments, said ecology consultancy Ecological Planning & Research Ltd (EPR). The lockdown period has been arguably far harder to cope with mentally for people with limited access to green space. Ben Kite, managing director of EPR, said: “The limitations […]

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