Despite the past year being challenging due to the COVID-19 pandemic, the London property market proved remarkably resilient. Buyer demand was at high levels across Greater London as many buyers and investors took advantage of the stamp duty holiday. At the end of 2020, Chestertons’ pipeline of deals in London was 53% higher than the year prior. Buyer enquiries were also up by 49%. With this strong...
Renting a property out always comes with risks, and one of the main risks for any property investor is a tenant not being able to pay rent and falling into arrears. Rental guarantee is a form of insurance that covers rent if a tenant defaults on payments. This can provide additional protection and peace of mind.What does rental guarantee cover?Rental guarantee covers rental income for landlords when a...
The UK has opened a new path to citizenship for British National Overseas (BNO) residents in Hong Kong. This BNO visa opened for applications on 31st January 2021. Here we’ll cover who is eligible for the BNO visa, the costs involved, potential tax implications and the impact on property buyers and investors.
The London property market remained remarkably active in the final three months of 2020, despite covid-19 and the uncertainties of Brexit.Chestertons saw a 26% rise in sales between October and December and a 63% rise in the number of agreed tenancies, compared with the same period in 2019.Although the hangover from Covid-19 will be felt throughout 2021 and beyond, and despite the uncertainties following...
