As lockdown starts to relax, the government has amended regulations to allow people who wish to move house to do so. The government guidance highlights how to proceed safely to minimise any risk of the spread of COVID-19. The process of finding and moving into a new home will have to adapt procedures to also minimise the spread. This might mean moving as much of the process online and over the phone like virtual viewings, or vacating the property while others visit and ensuring it is thoroughly cleaned.
A new report from Shawbrook Bank has attempted to sum up the current state of the private rented sector and where it might be headed. The research involved detailed analysis of information from government departments and the Office for National Statistics (ONS), a survey of 1,000 private landlords and 1,000 tenants, and interviews with specialist property finance brokers.
If you’ve tried to get a contractor out to do any work on your property lately, you might well have had some issues with availability. That’s because there is currently an industry-wide shortage of skilled labour, fuelled by a number of different factors.
The COVID-19 pandemic has affected landlords in various ways and to different degrees. Luckier landlords may have seen minimal effects, but others have had to deal with loss of income, delayed repossessions and logistical challenges related to social distancing and self-isolation. And possibly cockapoos.
As our government continues to wobble along a tightrope between keeping a lid on the virus and trying to let everyday life continue in some form, sending students back to university was always going to be a big gamble.
The coronavirus pandemic has seen a lot of negotiation between landlords and tenants over rent payments. While a recent survey from the National Residential Landlords Association (NRLA) suggested that most tenants have continued to pay their rent in full since March, it also showed that a significant percentage of people have arranged rent holidays or reductions to mitigate the financial impact of lockdown.
A recent report from the National Residential Landlords' Association has highlighted a knock-on effect of the ongoing rent arrears crisis. As evictions and court proceedings ramp up again, tenants in arrears may suffer damage to their credit ratings that will make it harder for them to rent properties in the future.
A recent survey has suggested that large numbers of homeowners are remortgaging their properties in response to the coronavirus pandemic. But why are they doing this? And is it a good idea?
One of the most achingly hip trends of the past decade or so has been the ‘Tiny House Movement’. It’s just about the most Instagram-friendly housing fad out there, in part because these compact properties look really good in tiny square windows on a phone screen.
Recent surveys and studies have shown that private renters have fared much worse financially during the coronavirus crisis than their homeowning counterparts.
The UK government has recently released new guidance around Right to Rent checks for landlords, extending the amended process that has been in place during the pandemic until the start of September.
It comes at no surprise that the national small business week has been postponed until further notice. It does, however, still highlight an important point to discuss about the benefits of using small businesses and why you should consider them when doing home improvements.
It’s fair to say the past few months have not been kind to the UK property market. While sales figures at the beginning of 2020 were beginning to look promising, the arrival of COVID-19 and the resulting lockdown restrictions were a body blow to the sector, and April property sales hit their lowest point since records began in their current form in the early noughties. There also seems to have been a drop in prices, and while the tiny number of property sales has made it hard to gauge the true scale of this, it looks to have been similar to the fall we experienced after the 2009 British banking crash.