News

Welcome guidance from the Government about Home Moving during the coronavirus outbreak

  • March 27, 2020
  • By James Vernor-Miles, Partner

The government last night (26 March 2020) released some welcome guidance about Home Moving during the current coronavirus (COVID-19) outbreak. The guidance is intended for Buyers and Sellers; and also for conveyancers, removal companies, agents, lenders and surveyors.

Although the guidance is clear that there is no need to pull out of transactions, it is important for all of those involved in the process to be mindful of those who are presenting symptoms, self-isolating or shielding. The government are urging parties involved in home moving to adapt and to be flexible to alter their usual processes.

We have successfully completed a number of property transactions over the past few days; with thanks to technology and to the experience and intelligence of the parties and our counter-parties. We expect to complete plenty more transactions over the coming few weeks. However, this is entirely a “case by case” situation; and, for example, when mortgage lenders and “chains” are involved, a great deal of extra work and flexibility will be required.

Where contracts have been exchanged: early conversations, careful monitoring and occasional adjustments agreed by sensible parties mean that completion can go ahead. One seller was kind enough to taxi their Transfer to us (with their conveyancers’ consent) to enable our client to complete her purchase the same day.

Where contracts have not been exchanged, you should have a long conversation with your conveyancer – then the agent, other party, removers and so forth – about the implications of exchanging; and the prospects of completing.

Please read the guidance if you are involved in a sale or purchase at the moment.

For further advice specific to your own circumstances, please contact a member of our Property team.

Related News

Apr 14, 2021
Peter Robinson discusses the practical issues arising from registration of land as a Town and Village Green (“TVG”)
Mar 24, 2021
Peter Robinson has been featured in the 2021 Spear’s Property Advisers Index
Feb 08, 2021
Peter Robinson discusses Indexation Based Rent Reviews
Jan 19, 2021
Peter Robinson comments on what new and existing landlords need to know in RBS HomeWise
Jan 04, 2021
Peter Robinson discusses The Supreme Court’s decision in Alexander Devine Children’s Cancer Trust v Housing Solutions Ltd
Dec 11, 2020
Hunters retains Law Society’s Conveyancing Quality Scheme accreditation
Nov 12, 2020
Peter Robinson examines the government’s ban on evictions of commercial tenants during the pandemic and what commercial landlords should consider in The Law Society
Nov 12, 2020
Ben Gurluk comments on the Stamp Duty holiday in the Daily Express
Oct 30, 2020
Peter Robinson examines a recent Supreme Court case that is relevant for property investors in the challenging environment of the retail property market in Lawyer Monthly
Oct 22, 2020
Peter Robinson analyses the government’s extension of moratorium on eviction in New Law Journal

© Hunters Law LLP 2021 | Privacy NoticeLegal & Regulatory | Cookies Policy | Complaints Procedure.

Hunters Law LLP is authorised and regulated by the Solicitors Regulation Authority (number 657218)