Sell Your Property Fast in Accrington, Lancashire with Auction Agent One of the main factors that people consider when selling their properties is undoubtedly the speed of the whole process. The auction route is the preferred method for vendors looking to sell their property fast. Unlike sales by private treaty, which can be affected by broken chains or the failure to secure funding, selling at auction...
Sell Your Property Fast in Blackburn, Lancashire with Auction Agent One of the main factors that people consider when selling their properties is undoubtedly the speed of the whole process. The auction route is the preferred method for vendors looking to sell their property fast. Unlike sales by private treaty, which can be affected by broken chains or the failure to secure funding, selling at auction...
Mortgage Support Set To End - Mortgage Holiday The Furlough Scheme is set to cease completely by the end of October. The mortgage holidays announced in March by UK banks are also set to end at the same time. This, coupled with possible mass redundancies, would leave millions in financial distress and vulnerable. The R Rate The R rate, which is the unit of measurement used by the government to...
Wage support set to end - Furlough Scheme With the full 80% government furlough scheme coming to an end in just over a week, many Britons are undoubtedly worried about their employment status. Many companies have already declared bankruptcy or have cut down in their operations due to the global pandemic. High street retailers were already struggling before the pandemic – coronavirus is thus, the last...
Government looks to ban furloughing staff as scheme wind downs Chancellor Rishi Sunak has announced plans to ban furloughing staff for companies as the furlough scheme is on track to be wound down. The Chancellor is also set to announce later this week, the amount employers will need to start contributing towards the furlough scheme from August onwards. It is expected by many that companies would have to...
Relief as weekly death tolls at the lowest level in six weeks Official figures show that that the UK has reached the lowest level in six weeks. According to the Office of National Statistics (ONS), 4,210 coronavirus related deaths have been recorded in the week ending 15th May. This is the lowest level since 3,801 COVID-19 related deaths were recorded in the week ending 3rd April. Care homes account...
22/05/2020 Coronavirus Daily Update UK borrowing surges as coronavirus schemes rack up Government borrowing reached a monthly record high in April – borrowing surged to £62.1bn, a massive £51.1bn more than in April the year before. This has resulted in the highest level in the ratio of UK’s debt to national income in 57 years. It has been estimated that the schemes introduced by Chancellor Rishi...
21/05/2020 Coronavirus Daily Update UK property sales plummets in April According to provisional figures published by the HM Revenue and Customs (HMRC), there were only 38,060 transactions in April. Transactions have fallen by more than half compared to the same month the year before. April residential property sales have hit the lowest monthly level since comparable records began in 2005....
Will house prices fall during 2020? The burning question on many buyers’ and sellers’ lips is undoubtedly,”Will property prices fall due to the Coronavirus outbreak?” Many people say that there is no safer investment than putting your money in bricks and mortar, however as with any investment there is no certainty that it will provide a guaranteed return. There are many factors which will affect...
20/05/2020 Coronavirus Daily Update UK inflation tumbles to lowest rate since 2016 A drop in energy prices and discounts offered by shops desperate to offload inventory during the lockdown have resulted in UK’s inflation rate dropping to its lowest level since August 2016. The consumer price index (CPI) plummeted to 0.8% year-on-year in April. The inflation rate dropped from 1.5% in March according to...