Facing mounting pressure of a rent debt crisis fuelled by the pandemic and following a recent shift in policy in Scotland, a six-week extension to the eviction ban has just been announced by the government. The extension now means that eviction notices – due to on Monday – will not be served during lockdown. Additionally, councils will also be provided with extra funding to house rough sleepers...
Despite the property market (and virtually everything else) remaining under the cloud of the pandemic, Brexit and its implications for the UK remain crucially important. However, one area that seems to have remained impervious to any Brexit related decline is the UK housing market. Despite claims by the Bank of England that a worst-case scenario when leaving the EU could see house prices fall 35% over...
Despite stong demand for rental properties across the whole of the UK, increases in property prices in many regions of the country are impacting on their rental yields, according to newly released data from buy-to-let specialist lender, Fleet Mortgages. Drawing a comparison between Q4 2020 and Q4 2019, Fleet found that, overall, its data shows rental yields on residential buy-to-let properties of 5.7%...
Anxiety surrounding the pandemic, the effects of lockdown and yes, our old friend Brexit, have seen demand for housing tail-off during the last three months of 2020. However, despite these impacts, demand did in fact remain significantly higher than during the same period in 2019. Astonishing levels of buyer activity through the summer, spurred on by pent-up demand and the reopening of the market,...
Despite a robust performance in 2020, volume housebuilder, Persimmon, has revealed via a recent trading update that its completions fell 14% to 13,575 against 2019 due to the effects of the pandemic. The firm announced that its strong trading performance in the second half of 2020, in which it delivered 8,675 new home legal completions, mitigated some of the impacts of delays caused by the market...
It’s a bit of an understatement to say that selling a property is stressful. The potential costs and time invested can weigh heavy on the minds of those who are in the process and, if you’re buying too, this can be quite daunting. Home buying platform, Yes Homebuyers, share their advice and industry expertise to help lower your stress levels and keep more cash in your pocket while navigating the...
Whilst recent changes to the stamp duty threshold has led to a growing number of people looking to make the most of the tax break and make a property purchase, there are a number of points to consider before applying for a mortgage. Review your finances For at least six months before you think about taking out a mortgage, you should ensure your finances are in check. You should not apply for too many...
Research by lettings and estate agent, Barrows and Forrester, has revealed that the vast majority of tenants welcome the extension to evictions announced at the weekend, despite many seeing little impact on their ability to pay the rent. Monday should have marked the end of the eviction ban timeline, however, the decision to extend it further means eviction notices will not be served for another six...
What is the Electrical Certificate? The Electrical Installation Condition Report, or EICR, as it is commonly known, is a health and safety assessment of the installation and current condition of the electrical system in a property. The EICR inspection is an important way to identify any potential defects in the electrical system which could potentially be dangerous to users. What are the legal...
Work continues at Elephant Park – the joint £2.3 billion regeneration project between Lendlease and Southwark Council. And as the development takes shape, new opportunities present themselves for a range of food & beverage providers looking for presence in London’s Zone 1. The development will create new residential and office space, but also an abundance of retail and dining units on which...