There is no doubt that the current crisis, is one of the greatest tests our economy has faced in decades. There are without doubt, many small to medium sized businesses that will suffer greatly, despite the drastic steps taken by the chancellor to lessen the blow. Personally, I feel that rents, rates & interest should have been suspended during this period, to minimise the damage of this terrible situation.
What is thought to be the first survey of sellers since the start of the Coronavirus outbreak suggests that they anticipate a five-month delay to their plans.
Landlords are eligible for three-month mortgage payment holidays But should you offer tenants who are working from home a payment holiday? Does offering a rent holiday place you in breach of your mortgage contract? What legal documents do you need if you agree a rent holiday? The coronavirus lockdown… Read More »How to keep your buy-to-let afloat AND help tenants in the lockdown: From rent cuts to mortgage holidays?
The government has amended the eligibility criteria and will allow some agents’ commission payments to be included in claims for Furloughed Pay.
One of the industry’s highest profile figures has suggested the Coronavirus crisis could trigger many more agents becoming self-employed. Nicky Stevenson – well known as former managing director of the Property Academy and now on the management team at Fine & Country – says the recent trend of agents moving… Read More »Virus crisis will drive more agents to become self-employed – claim
