“The Scottish Government is launching a £10m support scheme for tenants who are struggling to pay their rent as a result of the pandemic.” https://www.mortgagestrategy.co.uk/news/scottish-government-launches-tenant-hardship-fund/ read more
Stamp duty holiday drives summer boom
There has been an 80 per cent increase in valuation requests since the chancellor announced a stamp duty holiday last month. https://www.mortgagestrategy.co.uk/news/stamp-duty-holiday-drives-summer-boom-kfh/ read more
Brexit concerns outweigh Covid-19 for those looking to retire abroad

“Almost half (46%) of over 50s who are planning on moving abroad when they retire are reconsidering where they might retire to due to Brexit, with a further 44% claiming the uncertainty is making them reconsider their plans altogether. When it comes to Covid-19 concerns, these figures are 39% and 37% respectively.” https://www.financialreporter.co.uk/later-life/brexit-concerns-outweigh-covid-19-for-those-looking-to-retire-abroad.html read more
Have you been underpaid your state pension?

LCP encourages women to come forward to get their state pension checked as they could be one of the tens of thousands women being underpaid. https://www.financialreporter.co.uk/later-life/underpaid-state-pensions-more-women-advised-to-check-as-million-of-pounds-already-refunded.html read more
Government extends Help to Buy deadlines

See the article for specific dates. https://www.financialreporter.co.uk/finance-news/government-extends-help-to-buy-deadlines.html read more
Half of households plan to use “Green Homes Grant” when it becomes available in September
“51% of homeowners plan to take advantage of the new initiative, while 26% are considering it.” https://www.mortgagestrategy.co.uk/news/half-of-households-plan-to-use-green-homes-grant/ read more
Mortgage prisoners: Key workers in ‘financial nightmare’

“MPs are calling on the government to step in and help more than 170,000 "mortgage prisoners" who are trapped on high interest rates.” https://www.bbc.co.uk/news/business-53380724 read more
More help needed for renters: Generation Rent
“The campaign group criticised Rishi Sunak for offering restaurant vouchers to encourage people to dine out, while many renters are struggling to afford to cover the basic costs of food and accommodation.” https://www.mortgagestrategy.co.uk/news/more-help-needed-for-tenants-generation-rent/ read more
Stamp duty announcement sparks surge in mortgage affordability searches

“The Society saw a 49% increase in usage of its Quick Quote Mortgage Calculator and a 61% increase in its Mortgage Affordability Calculator compared to the week before.” https://www.financialreporter.co.uk/mortgages/stamp-duty-announcement-sparks-surge-in-mortgage-affordability-searches.html read more
Bank of England interest rate drops to 0.25%, the lowest level in history
Due to the recent outbreak of Coronavirus, measures are being taken to support the economy. https://www.bbc.co.uk/news/business-51831004 read more
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