This is a fast moving situation and everywhere people are struggling to keep up.
If contracts are already exchanged then, if completion can't be delayed by agreement, it is permitted to go ahead but practicing social distancing and good hygiene measures.
If anyone has symptoms or is self isolating, the move should not take place.
If you can delay, this is being advised but will have to be by full agreement as the contract provisions do not cover a situation like this.
Difficult to imagine with large chains. Lenders are extending mortgage offers to allow for the delay. However, no new transactions can take place with any certainty for the foreseeable future.
If you are worried, please contact a member of the Dutton Gregory team.
People in the early stages of buying or selling were told to delay moving while emergency measures were in place The housing market was effectively suspended by the government last night in an unprecedented move as the sector was plunged into chaos by the coronavirus outbreak. Difficulties with valuations and legal uncertainty has led ministers to call on people to delay moving. Finance has dried up with mortgage providers ceasing to offer many new home loans. The government issued official guidance telling people in the early stages of buying or selling their home to delay the transaction while emergency measures were in place. It said that no visitors were allowed into properties, including estate agents, surveyors and potential buyers.