Halifax withdraws majority of mortgages

Lender flooded with requests for payment holidays while valuers unable to inspect properties due to coronavirus

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Halifax, the UK’s biggest mortgage lender, has withdrawn the majority of its mortgage range, including all first-time buyer loans, citing a lack of “processing resource”.

In a message sent to mortgage brokers this morning, Halifax said it would no longer offer any mortgages with a “loan-to-value” (LTV) of more than 60%. In other words, only buyers able to put down a 40% deposit will qualify for a loan.

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Estate agents put some work on hold to deliver food to the elderly

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Home evictions rising in Covid-19 crisis, warns Labour

Shadow minister calls for extra ‘housing safety net’ and tenancy guarantees for renters

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Landlords appear to be evicting tenants at record rates despite the government’s promise that no one will lose their home because of coronavirus, Labour has said, as it called for an urgent package of housing benefit support.

John Healey, the shadow housing secretary, said he had received a whistleblowing email from a property management company saying that evictions were at a record high in their region.

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What does coronavirus mean for homeowners with a mortgage? Nottingham Estate Agents

The coronavirus pandemic has precipitated some major changes to the situation of homeowners in the UK. In less than two weeks the Bank of England has twice lowered the base rate of interest to where it now sits at a record low. In collaboration with the financial industry, the Government announced a three-month mortgage holiday […]

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Original Dragons’ Den warehouse is up for rent

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What does a mortgage holiday mean?

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Buying and selling a house with subsidence Nottingham Estate Agents

Few things strike as much fear into buyers and sellers alike as subsidence. Who would buy a property that was at risk of structural collapse? And if you are a seller, the nagging question that keeps you awake at night: should you buy a house if the tell-tale signs of subsidence are going to be […]

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