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Coronavirus Update: New guidance on moving home during the coronavirus pandemic

 

moving home coronavirus

Updated 13/5/20

The UK Government has announced that the English housing market can re-open for business.

The lockdown measures, which have been partially lifted in England but which largely remain in place in Wales, Scotland and Northern Ireland, affected all parties generally involved in the house moving process – estate agents, surveyors, mortgage lenders, house movers as well as sellers and buyers and of course the solicitors handling the legal aspects of the transaction.

From today in England, however, there is now scope to progress and complete property transactions, provided that the UK Government’s revised rules are observed.

For more information please read the full press release.

If you need any specialist advice from our team of legal experts about the impact of coronavirus on your property transaction, please email property@loosemores.co.uk or call us on 02920 224433. 

The UK Government has issued new guidance for those in the process of buying, selling and renting a new home during the coronavirus lockdown. The full guidance can read in the following press release. 

The guidance covers all parties generally involved in the house moving process – estate agents, surveyors, mortgage lenders, house movers as well as sellers and buyers and of course the solicitors handling the legal aspects of the transaction.

Our reading of the guidance suggests to us that the practical difficulties of complying with the social distancing regulations issued by the Government will be the most difficult aspect for clients at this time. There are implications for the legal process resulting from the guidance, in particular the suggestion that where contracts have already been exchanged with a fixed completion date, all parties should work together to agree a delay in the completion date suggested as a minimum of 3 months. This would involve all parties in a chain of transactions agreeing to the delay with the solicitors agreeing a formal variation of the contract itself. Sometimes, however, this may not be possible and it will be up to the clients to ensure that the physical act of moving into a new home does not put them or anyone else involved in the moving process in breach of the social distancing regulations.

James Pearn, Partner and Head of Property at Loosemores Solicitors commented:

“We are working hard to ensure that our clients receive the best advice on the options available to them. Our priority is the health and safety of our clients and the communities we serve. If you need help understanding what the latest guidance means for your property transaction, please contact us today. Our specialist team is on hand to assist you in understanding the options and the risks involved in progressing your transaction.”

For more information about the coronavirus visit Public Health Wales.

If you need any specialist advice from our team of legal experts about the impact of coronavirus on your property transaction, please email property@loosemores.co.uk or call us on 02920 224433. 

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