Government considering Help to Buy extension (MS)
Ministers are reportedly in talks with housebuilders about extending the Help to Buy scheme as part of a package of measures to kick-start construction.
Estate agents’ offices will be first to reopen says newspaper (EAT)
Estate agents’ offices will be in the first category of High Street premises to reopen when the lockdown finally ends, a newspaper claims.
Law Society Issue Furlough Guidance (LSG)
The Law Society of England and Wales has published fresh guidance helping firms looking into utilising the government’s Job Retention Scheme by furloughing their staff.
Stamp Duty Holiday now: Dramatic call from industry’s most senior group (EAT)
The government has been called upon by one of the industry’s most respected bodies to announce a stamp duty holiday to help the market get back on its feet.
Regulator (CLC) allows fee deferral to support conveyancers during Covid-19 crisis
A specialist regulator will allow conveyancers to defer fee payments to help them cope with the coronavirus crisis, which has brought the property industry to a near standstill.
A quarter of agency branches may be closed forever – prediction (EAT)
A quarter of agency branches may not reopen once the pandemic passes, an industry veteran has predicted.
PEPA Welcomes Goverment Advice on EPCs – 3rd April 2020
The Property Energy Professionals Association has welcomed the Government advice on meeting the regulatory requirement to secure a valid Energy Performance Certificate on marketing a property for sale or rent […]
Property Buyers And Sellers Anticipate Five Month Freeze (TC)
Buyers and sellers foresee the property market remaining frozen for around five months.
First ‘virus’ survey shows sellers expecting a five-month delay (EAT)
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.
Court rejects “fanciful” conveyancing negligence claim (LF)
The High Court has rejected a “fanciful” £600,000 conveyancing negligence claim against the law firm Gateley, based on an error admitted by the firm.
New Listings Still Entering Market Despite Lockdown (TC)
Recent data suggests new listings could fall to around 1,000 per week within the next month, but people are still placing their homes for sale post-lockdown.
Estate Agents Face £1 Billion Commission Losses (TC)
Estate agents face losing £1 billion in lost commission if the current flow of sales agreed are delayed or fall through completely.