In the wake of enforced inactivity due to lockdown, many estate agents are looking at redundancy and job changes while there has been an increase in self-employed agents and more online activity. Research by recruitment agent Rayner Personnel, reveals two-thirds of UK estate agents are considering...
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...
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...
Many asset managers have suspended trading of their open-ended property funds due to material uncertainty about asset prices during the coronavirus lockdown. Hopefully, this is a short-term measure. But let’s look at why it’s happened and the impact on investors. Why has trading been suspended in these funds? The...
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...
With concern that coronavirus could be easily spread in the busy environment of a construction site, an increasing number of construction firms are stopping work. Government guidelines state that construction work can continue if workers are two metres apart. However, some construction companies feel that this...
New legislation was announced this week to protect private and social renters affected by coronavirus from eviction. This emergency legislation is a result of the escalating economic situation and will ensure landlords can’t start eviction proceedings against tenants who struggle to pay rent for three months. Robert...