Financial Conduct Authority says the extended relief period is necessary to prevent a cliff edge of mortgage defaults.
Chancellor said to be in discussion about how to continue helping borrowers
Ministry of Housing confirms viewings can take place but warns that open houses and driving clients to viewings are still prohibited.
As agents close their doors due to the lockdown, the spread of the virus across the UK has led to a near standstill of the housing market. The March 2020 RICS UK Residential Market Survey results highlight that despite the first few months of the year showing a marked pick-up in market activity, this month will have a significant impact on the outlook for the rest of the year.
Many landlords across the UK are facing the uncertainty of whether tenants will be able to keep up with rental payments as a result of the Coronavirus pandemic.
As the coronavirus crisis deepens across the UK, government attention is now being focussed on the most vulnerable in England.
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)."
The National Federation of Builders (NFB) has called for a consistent message from the government about safe on-site working practices.
Households hit by coronavirus will not lose credit ratings if they delay payments
Current housing secretary, Robert Jenrick, has revealed new government planning reforms claiming that they will “bring Britain’s planning system into the 21st century”.
£400m is earmarked to help build homes on brownfield sites and to redevelop empty high streets for housing.
Owners of apartments wrapped in dangerous cladding urge PM to release billions in funding
Housing secretary Robert Jenrick has announced that small and medium sized builders will be able to apply for £1 billion in government funding.
The government will lift the freeze on Local Housing Allowance rates, meaning the amount of housing benefit received is set to rise by £10 per month on average.
Current and vague official tenancy agreement used by many lettings agents will be updated to give landlords fewer reasons to reject tenants with moggs or dogs.
This Christmas, 126,000 children in England will be living in temporary accommodation, having been made homeless with their families. The failure by successive governments to build enough social housing has made it impossible for low income families to put a secure, affordable roof over their head.
The Conservative Party manifesto has launched, with the catchphrase “get Brexit done” printed at the top.
The Conservatives would force overseas homebuyers to pay extra stamp duty in an election pledge that effectively blames foreign purchasers for inflating property prices.
ONS data revealed that from April 2017 to March 2018, 60,000 affordable homes were built, bought or rehabilitated.
Some 47,100 were in England, 8,600 in Scotland, 2,300 in Wales and 2,300 in Northern Ireland.
The government funding is part of a major drive to kick dodgy landlords out of the private rented sector and follows £2 million initial funding earlier this year.
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