Boris Johnson hits the ‘Lock-Down’ button again

Estate Agency Facebook

In a repeat of his actions back earlier in the year when he said we need to flatten the curve, Boris Johnson the UK Prime Minster is locking the country down again based on guesstimates and predictions of a slideshow of graphs.

So again it means a pause to the UK property industry and will also effect millions of small businesses across the country. Furlough scheme at 80% of wages is set to come in to play and the lock down commences on Guy Fawkes day… Millions will be only able to celebrate fireworks for ‘the plan that nearly worked to blow up the houses of parliament’ with members of their household.

Updates on the furlough scheme can be read via the official Government website here: https://www.gov.uk/guidance/check-which-employees-you-can-put-on-furlough-to-use-the-coronavirus-job-retention-scheme#history

The official Government page with regards to ‘advice on home moving during the coronavirus (COVID-19) outbreak’ remain un-updated as of time of writing this article – Check the following page should there be updates: https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak

Robert Jenrick Lock Down

 

Tweets from the UK Housing Minister shows that it is business as usual though it is likely, but remains unknown, that this will involve same steps taken in previous lock down where accompanied views are not able to take place and the usage of video tours become a popular option. Mortgage payment holidays will also be extended and construction site worked are allowed to continue work as usual.

The new restrictions will mean that in England pubs, restaurants, non-essential shops and gyms will all have to close for four weeks from Thursday (5 November), while holidays in the UK and abroad will not be allowed.Money Saving Expert

The Estate Agency Facebook page has been busy with comments, feedback and advice since the lock down news – Get involved today: https://www.facebook.com/groups/EstateAgency

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

small house bird box
Breaking News

UK First Time Buyers better off than many other global nations

Is it really that bad being a first-time buyer? UK better off than many other global nations when it comes to affordability The latest market analysis from Yopa, the full-service estate agents, reveals that first-time buyers (FTBs) in the UK may be paying 63% more to get a foot on the property ladder than they…
Read More
new build homes colchester essex
Breaking News

Building Safety Regulator Reform

The Government has announced reforms to the Building Safety Regulator, including leadership, process and investment. The changes are hoped to deliver 1.5 million homes. The reforms pave the way for creation of a single construction safety regulator, as recommended by the Grenfell Tower enquiry. David Smith, property litigation partner at London law firm Spector Constant…
Read More
Breaking News

New anti-money laundering rules now in effect: what landlords need to know

New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More
Breaking News

What landlords need to know about the upcoming Renters Rights Bill

The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
Read More
Breaking News

Mortgage approvals bounce back in May

The latest figures show that: – Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April. The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year. Approvals are also 2.5% higher than…
Read More
Breaking News

Money and Credit – May 2025

Key points: Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April. Net mortgage approvals for house purchases increased by 2,400 to 63,000 in May. Approvals for remortgaging also increased by 6,200 to 41,500…
Read More