Government Covid-19 advice has impact on Persimmon, Barratt, Redrow and more
Shadow minister calls for extra ‘housing safety net’ and tenancy guarantees for renters
Sale of London hotel to Qatari investor deepens feud over Barclay brothers’ billions in assets
In 2009 the GFC, which was responsible for severe asset value losses, resulted in a large funding gap between the debt position and the asset value. As this was essentially negative equity, fund managers were often struggling to attract either highly opportunistic equity or debt.
As the coronavirus crisis deepens across the UK, government attention is now being focussed on the most vulnerable in England.
Mortgage lenders are giving customers who have exchanged contracts the option to extend their mortgage offer by up to three months, so they can move at a later date.
As the UK enters uncharted territory, there will be many changes to ‘business as usual’. Among these changes, there may be significant factors for residential landlords to keep in mind.
The latest advice from Housing Secretary, Robert Jenrick, surrounding social distancing has stated that "Homebuyers and renters should, where possible, delay moving to a new house while measures are in place to fight coronavirus (COVID-19)."
Almost two thirds (64%) of tenants cannot afford a deposit to allow them to purchase their own home, research from yieldit has found.
Latest advice gives green light to existing house moves to be completed, and the use of tradespeople for property repairs and maintenance.
Banks have been criticised by firms and MPs for insisting on personal guarantees to issue government-backed emergency loans to business owners.
Lender flooded with requests for payment holidays while valuers unable to inspect properties due to coronavirus
Slough is the top location to purchase a buy-to-let property, according to lettings management company Howsy.
As Britain locks down for three weeks, government announces measures to prevent businesses being evicted from their premises should they struggle to pay the rent.
The latest data and analysis from the Office for National Statistics has revealed that low rates in the housing market have helped to improve the affordability of homes in the UK.
Worrying new research from deposit replacement scheme, Ome, has predicted that the impact of the Coronavirus could cost buy to let landlords nearly £14.9bn should tenants be unable to pay rent during the three month support period announced by the government.
House prices will fall due to fallout from the COVID-19 pandemic, according to some experts.
Ray Boulger, senior technical manager of broker John Charcol, predicted house prices to tumble by 10% over the next three months.
The National Federation of Builders (NFB) has called for a consistent message from the government about safe on-site working practices.
View is from senior civil servant but letting agents say they need to keep their businesses open to organise emergency repairs to properties and look after elderly and vulnerable tenants.
The land and property market has been dealt another blow by the coronavirus pandemic, after struggling through Brexit uncertainty and difficult weather conditions.
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