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Housing market could be ‘frozen’ to avoid Coronavirus crash

It’s been reported that the government is talking with banks and building societies about putting the housing market ‘on ice’ during the virus crisis to avoid a crash and to allow financial institutions to offer mortgages. Today’s Financial Times says UK Finance – the trade body representing mortgage lenders – has told members: “UK Finance has been […]

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Rightmove “taking appropriate measures” to shore up company

Rightmove has this morning told its shareholders it is “taking appropriate measures” to shore up the company. It gives no indication of what those measures are but it says in a trading statement released at 7am today: “In this period of unprecedented uncertainty, we are unable to quantify the impact of COVID-19 on our financial and […]

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Agents Beware: definitive government guidance on buying and selling

The government has at last issued extensive advice on home moving and the activities of estate agents during the continuing Coronavirus crisis. This came last evening after days of debate on how much marketing, valuing, viewing and conveyancing could be done during the lockdown. Here is the guidance in full: There is no need to pull out of […]