Property News
Mortgage approvals surged before Covid-19 crisis
Mortgage approvals rose to a six-year high in February as confidence briefly returned to the property market before the onset of the coronavirus crisis, the Bank of England said.
British Land scraps dividend and waives rents
British Land has postponed dividends, waived £3m of rents from smaller tenants and halted work at big developments in a series of measures responding to the Covid-19 crisis.
UK house prices fall in January
House prices fell in January amid political uncertainty but the Covid-19 crisis has now replaced Brexit as the main driver of activity in the property market.
McCarthy & Stone halts building and cuts top pay
McCarthy & Stone has stopped building and cut its top people's pay by 20% to conserve more than £200m of cash and strengthen its finances against the impact of the Covid-19 crisis.
Taylor Wimpey scraps dividends and halts construction
Taylor Wimpey scrapped almost £500m of dividends as the housebuilder halted construction and closed show homes in response to the Covid-19 crisis.
OneSavings says it cannot judge coronavirus impact
OneSavings Bank posted a 14% increase in annual profit but the specialist property lender said the coronavirus pandemic meant it could not provide financial guidance for 2020.
Crest Nicholson scraps dividend to protect against coronavirus impact
Crest Nicholson has scrapped its dividend and drawn the maximum from its debt facility to protect the company from the "unprecedented" threat posed by the coronavirus pandemic.