It may seem a long time since normal trading took place but many agencies are now finding they are picking up leads and some deals despite the lockdown. Midlands agency Centrick says it’s seen positive results in recent weeks thanks to what it calls its ‘digital-first’. Since the lockdown began… Read More »Agencies still getting leads and completing deals despite lockdown
PropTech big names Reapit and ViewMyChain are joining up to try to accelerate transactions when the lockdown finally ends and the sales market returns. They say that 55 per cent of all housing transactions in normal times are in chains, making it more essential than ever that agents know the… Read More »Reapit’s PropTech deal aims to accelerate completions and cut fall-throughs
The peak of the 2020 sales market is likely to be September instead of the usual early summer – but that depends on many of the lockdown measures being relaxed in time.
Rightmove and Knight Frank are today both calling for a series of government incentives to kick-start the market after the Coronavirus lockdown ends – and a stamp duty holiday is the number one suggestion from both companies.
Agency using ‘Covid Clauses’ to keep transactions on course
An estate agency says it’s using so-called Covid Clauses in contracts to keep transactions on course.
The controversial Help To Buy scheme looks likely to be expanded in breadth and extended in duration to help kick-start the housebuilding industry after the lockdown. Currently the scheme helps buyers of new build homes with an equity loan worth 20 per cent of the value of a property;… Read More »Love it or loathe it? Help To Buy to be beefed up after lockdown
On April 4, EAT published a piece titled: ‘It’s 2024: what will the industry look like, post corona-virus’. To me, this was a completely irrelevant article and there was simply no point in reading it – although well over 3,500 of you have done so.
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?
