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?
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… Read More »Planning for post-lockdown – how to hit the ground running
One of the industry’s leading automated valuation services says it’s running at approaching 1,000 leads a day for agents even during the lockdown. The ValPal Network – which has some 800 brands and 4,000 agency offices amongst its members – says it recorded over 49,000 leads in March despite the social… Read More »Automated Valuation leads to agents staying strong, says supplier
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… Read More »Poorly-treated agents will change firms after the virus – forecast
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… Read More »Corona Latest: New tenant checks, Virtual staging, Global agency impact
Two auctions held behind closed doors have been deemed a success, and evidence that the property market can still function despite the lockdown. Savills has held its first ever remote-bidding-only auction, run by a single auctioneer supported by almost 30 staff working remotely connected using technology. Over the course of… Read More »Auction success shows property sector can still thrive – claim
One of London’s most experienced estate agents says there has been a very significant surge in foreclosure sales in part of the capital’s housing market – even before the Coronavirus outbreak began. Marc Schneiderman is the director of Arlington Residential, an independent agency that offers sales and lettings at the… Read More »Big surge in distress sales even before virus – top agent
Leading lettings and sales agent, Benham and Reeves, has released the latest of its very own quarterly house price index based on data from the top four existing indices, looking at where the average house price sits and how the gap between buyer and seller expectation and actual sales has… Read More »House price gap between sellers and buyers reduces
