Willmotts Chartered Surveyors

Since 27 March, all new and existing possession proceedings against residential tenants have been stayed. Initially the stay was brought in for a period of 90 days, however, the Government announcement in June that the stay would be extended until 23 August 2020.

The gradual lifting of lockdown has meant that a portion of the UK population are returning to their offices with many of us keen to avoid public transport as much as we can. 

Covid-19 may cause a reduction in the number of overseas students at UK universities in the academic year 2020/21. A drop may cause landlords to compete for a smaller rental pool in some regions.

Mortgage products are returning following a collapse in availability during lockdown. 77% of mortgage brokers expect lending to return to pre-pandemic levels within nine months.
 

In 2019 only 5% of the UK workforce worked mainly from home and less than 30% of total workforce had even tried it. This is going to have changed dramatically since the Covid-19 lockdown.

The housing market may be quieter but there has been a huge increase in spending in the DIY/home improvement market, according to GfK, as many of us take this time to do projects in our homes.

With the UK in lockdown, and agency branch networks temporarily closed, finding ways to stay in touch are critical.

Imagine the horror of thinking your property is worth £500k, when it is actually only worth £180k!

Interest rates have been cut to 0.25% in a bid to shore up the economy amid the ongoing coronavirus outbreak. 

Willmotts is a firm of RICS regulated chartered surveyors, est. 1856. Providing an award winning, Complete Property Service from Hammersmith in West London and beyond.

The government has announced its First Home Scheme - a scheme will offers a potential 30% discount on some new build homes.