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How to keep your buy-to-let afloat AND help tenants in the lockdown: From rent cuts to mortgage holidays?

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 has caused severe financial strain […]

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Planning for post-lockdown – how to hit the ground running

Over the last two weeks we’ve seen the country come to a standstill and the property market effectively put on ice until we are out of lockdown. The next few months are going to be incredibly difficult for everyone, but it is vital that agents take this time to start planning for the future. Taking […]

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Poorly-treated agents will change firms after the virus – forecast

A leading human resources expert predicts that agents who are poorly treated by their employers now will wreak revenge and move elsewhere when the virus subsides. Recruitment guru Anthony Hesse, managing director of Property Personnel, says that when some form of normality returns “Those who have been treated poorly by their current employers won’t forget […]

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Corona Latest: New tenant checks, Virtual staging, Global agency impact

Hello and welcome to our latest update… we’re probably not yet getting used to these unusual times but we hope this daily service helps provide some guidance. First off today, Right To Rent’s new Coronavirus changes. Letting Agent Today ran a story earlier this week on how Right To Rent is being relaxed during the […]

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Conquering Corona – portal offer, live events, mental health help

Hello and welcome to the latest edition of Conquering Corona, our daily update helping the industry cope with the current crisis. If you have appropriate advice to share with the industry, please email us on press@estateagenttoday.co.uk and we’ll let other agents and suppliers see it too. Firstly today there’s an offer by high-profile free to list portal Residential […]

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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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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 […]

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Vendors can create video tours for agents to market – here’s how…

A video has been launched this morning explaining how agents can get their sellers and landlords to use iPhones to make videos appropriate for marketing. The ‘How To Do It’ video is 12 minutes long and produced by industry consultant Chris Watkin, and it’s shared below with Estate Agent Today readers. Chris says: “Have a […]

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Government tells agents to shut offices immediately

Propertymark has been told the agents should shut their offices immediately – they are not “essential businesses” under the new Coronavirus safety guidance. A statement from Propertymark issued this afternoon says: “Propertymark has spoken to a senior civil servant at Ministry for Housing, Communities and Local Goverment (MHCLG) this morning.  “The civil servant stated that […]