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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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How to protect your property businesses throughout the pandemic and beyond

The impact of COVID-19 is being felt by every industry around the world. And while current focus is on protection and containment, there will come a time when we can start to look ahead to renewed activity. For property investors, it’s a case of sitting tight and protecting your investments by adapting to market conditions.

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The impact on housebuilding as non-essential construction work is halted

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 is too difficult to enforce. Currently, the majority of

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Why some uk property funds have suspended trading due to the coronavirus crisis

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 reason given by asset managers for

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New legislation to protect tenants and landlords in the wake of coronavirus

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 Jenrick MP, Housing Secretary, said: “The government is

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