Workers with more than one job, earning lower salaries, are at risk of a poorer retirement, as they miss out on employer pension contributions, a new study has found1. Under the auto enrolment scheme, employers are required to set up a pension and make contributions on their employees’ behalf, unless an employee decides to opt […]
Monthly archives: July 2021
Residential Property Review – July 2021
Building Safety Bill published Claiming “the biggest changes to building safety in nearly 40 years“, Housing Secretary, Robert Jenrick, said that the Building Safety Bill will set out a clear pathway for the future as to how residential buildings should be constructed and maintained. The Bill was published on 5 July to set out new […]
Commercial Property Market Review – July 2021
Moratorium on commercial evictions extended The government has announced an extension to the moratorium on commercial eviction due to rent arrears until 25 March 2022. The scheme has been extended to give hospitality businesses and nightclubs, which have operated under restrictions for the entirety of the pandemic, and which came under increasing pressure when the […]
News in Review
“The current approach to self-isolation is closing down the economy” During a week which saw the delayed Tokyo Olympics finally get underway, the news agenda on these shores was largely dominated by the so-called ‘pingdemic’. After it was revealed that almost 620,000 alerts were sent to Test and Trace app users in England and Wales […]
News in Review
“With every day that goes by our economy is slowly and cautiously picking itself up off the floor” Ahead of so-called ‘Freedom Day’ on Monday, Boris Johnson urged people to exercise caution as most restrictions on social contact were lifted in England. With the Prime Minister and Health Secretary currently isolating, and UK daily infections […]
A summer of hope and optimism
As lockdown restrictions gradually ease, the public mood appears to be shifting, with a more positive atmosphere returning this summer. This is unsurprising, as there is much to be positive about in the weeks and months to come. Crowds are set to return to theatres and music venues, the Chelsea Flower Show will be going […]
‘Staycation nation’ increases value of holiday lets
The UK has become a nation of staycationers, which in turn has caused the price of holiday homes to soar, according to research1. The purchase price of holiday lets increased by 12% between October 2020 (£387,993 on average) and March 2021 (£435,476 on average), based on holiday home mortgage applications. Sharp rise in mortgage applications […]
It’s holiday season – but is your home protected?
International travel returned in a limited way on 17 May, while those not going abroad have their pick of the UK’s most beautiful staycation destinations this summer. But whether you’re holidaying at home or abroad, make sure your property is protected. Many of us have fully embraced the national DIY craze during our year at […]
Positive signs for the property market this summer
Buyer demand for UK property is showing no signs of abating as we head into the summer months, with one comparison site using conveyancing quote data to predict a house price spike of 2.9% in June and 3.7% in July, based on springtime sales agreed1. A 14-year high House price growth continues to rocket as […]
News in Review
“We think now is the right moment to proceed” In Monday’s Downing Street briefing, Prime Minister Boris Johnson confirmed that almost all remaining coronavirus restrictions will lift on Monday 19 July, despite cases and hospital admissions rising, as it was felt that a further delay could risk a bigger surge in the autumn. Although stating […]