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Hundreds of properties sold online in lockdown auctions

While most of the property market came to a standstill during lockdown, many auction houses were still very much open for business. Property investors were able to pick up some bargains as many auctioneers decided to make the transition from auction room to internet. PROPERTIES SOLD VIA LIVE-STREAM AND ONLINE AUCTIONS Savills estate agents managed […]

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Mortgage holiday option to be extended for a further four months

It was recently announced by the Financial Conduct Authority (FCA) and HM Treasury that borrowers can take advantage of an additional four months mortgage holiday. It’s a move that’s been welcomed by those who are struggling financially due to the impact of coronavirus. Originally, the scheme was set to run out at the end of

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Private landlords support tenants through coronavirus crisis

Research has revealed that the majority of private landlords have been supportive of tenants experiencing difficulties due to coronavirus. The National Residential Landlords Association surveyed over 4,500 landlords. Their research revealed that 90% of landlords responded in a positive way to tenants asking for support. Most have been prepared to take a temporary hit to

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Rapid recovery for property markets in counties with strict lockdowns

Some fascinating analysis by Mike DelPrete, a global real estate tech strategist, has shown how property markets across the world have reacted to different lockdown situations. The findings reveal that the longer and more restrictive the lockdown, the more rapid the housing market bounce back. COUNTRIES WITH STRINGENT LOCKDOWNS Of the seven countries analysed, Italy

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Five tips for investing in commercial retail property in uncertain economic times

Investing in commercial retail property is all about timing. With so much uncertainty over when Covid-19 restrictions will be lifted, you may feel now isn’t the time to embark on a retail venture. However, it is a good time to do your research, look at available stock on the market and consider what type of

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Lenders temporarily pull high loan to value mortgages

According to finance experts, Moneyfacts, nearly a third of all mortgage deals have been pulled from the market in just three weeks. On 31 March, there were approximately 3,654 residential mortgage deals on offer from banks and building societies in the UK. That’s 1,585 fewer than the 5,239 deals available on 11 March – a reduction

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