Friday News #050 – 27th March 2020
As of Monday evening, the UK was put on lockdown by prime minister Boris Johnson to combat the spread of Covid-19. We’d already moved into our home offices in advance of the official lockdown and are happily operating here as we would be in the office, with all face to face meetings being switched to digital, including our team coffee breaks.
Whilst the majority of estate agencies have now closed and many construction sites have pressed pause, we’re online and fully operational, ready to help you with all things property investment. If you have a question or would like to spend this time mapping out plans, we’re available to share our knowledge.
Here’s what we’re seeing in the news:
Covid-19: what it means for your property deal: The Financial Times have put together some useful information for those buying a property in the UK and overseas at this time. Read the full article.
TDS launches coronavirus guide to help landlords, agents and tenants: 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. Read more.
Third of tracker mortgages pulled after base rate drop: Almost one in three tracker mortgages were withdrawn from the market just days after the Bank of England (BoE) dropped the base rate to a record low of 0.1 per cent. Read more.
Coronavirus: Construction firms split as shutdown calls grow: A growing number of construction companies have said they will stop all non-essential work to help fight the coronavirus, but others continue to operate amid confusion over the government’s advice. Read more from the BBC.
In case you missed them; we recently released a number of videos on our YouTube channel answering the questions that we’re being asked most frequently by investors at this present time:
Will UK property prices drop because of the Corona virus? Our head of operations in Dubai chats through his thoughts after the UK government introduced a number of new measures to keep the UK economy afloat what impact this may have on UK property prices. Watch the video.
How Safe is Your Rental Assurance During the Corona Virus Pandemic? Stuart talks about how our rental assured developments are supported during the coronavirus pandemic. Watch the video.