Redrow, the British housebuilder, has reported that profits tumbled by almost two-thirds over the year to June 28 due to the effects of the coronavirus pandemic. COVID-19 pandemic affected construction and sales which lead Redrow to lower profits. It said that pre-tax profits slid by 65.5% to £140 million for the year, as revenues dived…
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The Welsh Government has extended the rules which were due to expire at the end of September. Rules meaning landlords in Wales cannot give less than six months notice for evictions will stay in place until 31 March 2021. Therefore, buy-to-let landlords in Wales must now give at least six months notice for evictions until…
The government has further extended the ban on evictions for another 4 weeks to protect the renters affected by Coronavirus. The Ministry of Housing, Communities and Local Government confirmed on Friday 21 August that the suspension of evictions would continue until 20 September. Landlords will also have to give six months’ notice to any tenants…
Despite the outbreak of Covid-19, UBL UK seeking further growth ahead supporting its professional landlords. Islamic finance lender, UBL UK, has cemented their commitment to support the Residential Real Estate space after reporting a 9.6% rise in lending to professional landlords. UBL UK is an FCA regulated lender was launched in 2001. Its objective was…