Confined in rental apartments, millennials decorate virtual homes

Interior design apps are on the rise as homeownership rates among people under 35 have fallen by 20% in the last decade

Out of a desperate desire to avoid the doom-and-gloom news reel for at least a few hours a day and with Covid-19 keeping me confined at home, I have become interiors-obsessed. There’s no more pleasant distraction than searching for the perfect rug to really pull a room together, debating variations of patterned wallpaper, or agonizing over exactly how many scatter cushions are too many scatter cushions.

An hour or two a day can easily be wiled away planning a whole-house refurbishment. The only problem is, like most young people, I don’t actually own a home that I can decorate. Instead, I’ve been sucked into the world of decorating apps, and their creators have been expecting people like me – permanently renting millennials, AKA “Generation Rent”.

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Hope for home moves during coronavirus as Law Society says some may go ahead Nottingham Estate Agents

Home moves planned for the immediate future may still be able to go ahead, the Law Society has said. Instructing its conveyancer solicitor members, the society said: “If you are acting for someone who has exchanged contracts and has a completion date within the next few days, and you, your client and the other side are able […]

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Number of homes sold in UK expected to plunge by 60% in next three months

Property website Zoopla reports viewings and house moves have ground to halt

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The number of homes sold in the UK is expected to fall by 60% in the next three months, according to the property website Zoopla.

There was a 40% drop in housing enquiries for the week to 22 March, the week before the nationwide lockdown, and new sales agreed fell by 15% on the previous week.

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Coronavirus: What financial help is available and how you can claim Nottingham Estate Agents

With many questions surrounding the financial implications of COVID-19, OnTheMarket takes a look at the help available for homeowners, renters and those worried about their salaries. Coronavirus mortgage holiday In a bid to help homeowners who are struggling to pay their mortgage due to COVID-19, the Government has announced a three-month payment holiday. To apply, homeowners […]

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Halifax withdraws majority of mortgages

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

• Coronavirus – latest updates

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

We're all in this together.

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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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