Estate Agents
Pandemic boom adds £1.6tn to total value of the property market, research reveals
In December 2019, prior to the pandemic, the average home across England was worth £248,097.
COVID-19
Featured
£12m compensation to be paid to thousands of struggling borrowers
In a report published today, the FCA found examples of firms delivering good outcomes for customers – but others, it said, must do a lot better to support borrowers in financial difficulty.
News
Learn lessons from pandemic to stop regulatory confusion – small businesses and academics urge
FSB, Newcastle University and the University of Birmingham launch new report on Navigating the Covid-19 Regulatory Landscape.
Business Finance
Covid-19 loan guarantee schemes may have saved between 150,000 and 500,000 businesses
Between 10-34% of BBLS borrowers and 7-28% of CBILS/CLBILS borrowers could have permanently ceased trading in 2020 without the schemes
News
LV= paid out over £19m in Covid-related claims
LV= supported almost 2,000 policyholders and families with Covid-related claims, paying out over £19m, since March 2020
Featured
Five ways personal finances have changed two years on from the first Covid lockdown
23 March marks two years since the first UK-wide coronavirus lockdown and for many, life is starting to feel as close to normal.
Business
White collar workers not eager for office return – AWA
Only 3% of white-collar workers want to return to the office five days a week once Covid-19 restrictions are over, according to a new poll.
News
Housing report finds obituaries of UK cities are grossly premature
A new report into Britain’s housing market debunks claims of a widespread exodus from cities to the countryside, finding the “race for space” has peaked.
Buy-to-let Mortgages
Quarter of landlords hit by Covid rent losses
Almost one in four private landlords faced rental income losses as a result of the Covid-19 pandemic.
News
More Brits insure their homes than their lives
Only 32% of people in the UK have life insurance compared to 64% who have taken out an insurance policy to cover their homes.
News
Pandemic impacts job status of UK employees, threatening homebuying plans
The pandemic resulted in job volatility for a quarter (24%) of UK workers, of which two-fifths (39%) saw their income decrease, according to new research.
News
Second charge products providing lifeline to businesses – Knowledge Bank tracker
Analysis from Knowledge Bank shows business owners are turning to second charge mortgages to raise capital as the Omicron variant disrupts industries.