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The Government should consider postponing upcoming tax changes because of the COVID-19 outbreak, according to Apropos by DJ Alexander.  The property management firm wants to see the government delay implementing the final part of the loss of tax relief on borrowing to buy a rented property along with a delay to...
Posted: March 31, 2020, 7:00 am
Right to Rent checks has been temporarily adapted due to coronavirus, to make it easier for landlords to carry them out. Effective immediately, the temporary changes to the scheme, which requires landlords to check that all tenants who occupy their properties have legal status to live in the UK, will mean the...
Posted: March 31, 2020, 7:00 am
The number of homes sold rose again in February to hit their highest level in six months in a further sign that the housing market was picking up before the coronavirus outbreak, new figures show. The data, gathered by NAEA Propertymark prior to the coronavirus outbreak being declared a pandemic, reveals that...
Posted: March 31, 2020, 7:00 am
Gas Tag has launched a new feature to support landlords, housing providers, and contractors with compliance efforts during COVID-19. The update, designed to ensure that landlords meet regulatory requirements, such as annual gas safety checks and other compliance services during the outbreak, will allow engineers to report a failed access attempt...
Posted: March 31, 2020, 7:00 am
The Mortgage Works (TMW) has temporarily withdrawn its high loan-to-value (LTV) buy-to-let mortgage products.  The specialist buy-to-let arm of Nationwide Building Society has pulled sales of mortgages above 75% LTV.   The decision has been taken to ensure that both the Society and TMW can focus its efforts on supporting existing mortgage...
Posted: March 31, 2020, 7:00 am
Mansfield Building Society has limited lending to 65% loan-to-value across its buy-to-let mortgage range in response to the coronavirus outbreak.  The Society has also temporarily suspended lending on holiday lets.  Paul Lewis, national development manager at The Mansfield, said: “We’ve developed some terrific broker relationships that we’re keen to continue to support throughout the ongoing crisis but...
Posted: March 31, 2020, 7:00 am
Labour is urging the government to permit private tenants who are struggling to pay their rent due to the coronavirus epidemic to be exempt from paying their landlord for three months. Many renters are being “driven to destitution” by the existing situation, according to outgoing shadow chancellor John McDonnell.  Plans announced earlier this...
Posted: March 30, 2020, 7:00 am
Rents continued to rise year-on-year in March while the number of homes available to let fell, according to the latest data from Home.co.uk.  Figures from the property website reveal that the supply of rental housing stock on letting agents’ books fell by 15% in March compared with the same month last...
Posted: March 30, 2020, 7:00 am
The government’s decision to suspend all ongoing housing possession actions, which means that neither cases currently in the or any about to go in the system can progress to the stage where someone could be evicted, has been welcomed by ARLA Propertymark.  This suspension of housing possessions action will initially last for...
Posted: March 30, 2020, 7:00 am
To help support our NHS workers, Seven Living are offering 50 self-contained properties for free to NHS staff embarking on 14-day isolation periods.  This offer is exclusively for NHS staff who require isolation from their loved ones and is entirely free of charge affording those that really need them, access to...
Posted: March 30, 2020, 7:00 am
Coventry Building Society has temporarily removed all buy-to-let mortgage products over 65% loan-to-value (LTV).  The society has made the decision due to the “ever-changing” coronavirus situation and its impact on the market.  Although Coventry BS has withdrawn these buy-to-let products, they will “continue to support the unprecedented number of requests from customers...
Posted: March 30, 2020, 7:00 am
The court service has from today suspended all ongoing housing possession action, which means that neither cases currently in the or any about to go in the system can progress to the stage where someone could be evicted.  This suspension of housing possessions action will initially last for 90 days, but...
Posted: March 27, 2020, 8:00 am
Hundreds of buy-to-let mortgage products have been withdrawn from the market due to the coronavirus outbreak, according to Property Master. The online buy-to-let mortgage broker warns that buy-to-let landlords will now struggle to get mortgages as the impact of the Coronavirus sees lenders pull product ranges, tighten lending criteria and widen margins. Angus...
Posted: March 27, 2020, 8:00 am
In principle, tenancy contracts are binding upon both parties and hence can be enforced in a court of law. In practice, negotiation is generally more effective and less costly than litigation. When tenants give notice, try to determine their reasons and see if you can address them There are basically two reasons...
Posted: March 27, 2020, 8:00 am
Nationwide Building Society has developed a dedicated coronavirus support page to make it as easy as possible to arrange payment breaks.  The online resource is intended for anyone who is or anticipates being in financial difficulty due to coronavirus - from loss of income or employment to anyone struggling to pay...
Posted: March 27, 2020, 8:00 am
These are difficult times in the property market, with a constantly changing situation creating a great deal of uncertainty. The world is facing a crisis and now the UK is in a temporary lockdown, but the outlook for the property market is not as bleak as some might imagine and...
Posted: March 27, 2020, 8:00 am
Historically, economic uncertainty and market volatility are detrimental to the housing market, and the latest observations on the impacts of coronavirus suggest that housing transactions are set to drop by as much as 60% over the next three months.  Before the outbreak of Covid-19, the UK housing market got off to...
Posted: March 26, 2020, 8:00 am
The Tenancy Deposit Scheme (TDS) has launched an FAQ web page for landlords, letting agents and tenants to provide help and guidance on the most frequently asked questions surrounding tenancy deposit protection in light of the COVID-19 pandemic.  The resource page tackles pre-tenancy, mid-tenancy and post-tenancy concerns, and gives advice on...
Posted: March 26, 2020, 8:00 am
As the escalating coronavirus pandemic continues to wreak havoc, a number of tenants have been left in extremely vulnerable situations.  Many who have become ill, lost their jobs or are caring for relatives are desperately worried about how they will pay their rent. But one extremely generous landlord has decided to...
Posted: March 26, 2020, 8:00 am
With the coronavirus pandemic continuing to escalate, Barclays has announced that it is withdrawing all portfolio buy-to-let products and is no longer accepting new applications. The bank has closed two underwriting sites, owed in part to the outbreak of COVID-19, and this in turn has limited the number of applications it...
Posted: March 26, 2020, 8:00 am