Coronavirus & Selling Your Home As the Coronavirus pandemic continues to change the landscape of Britain, one thing many people are wondering is what happens to the property market?
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As some homeowners struggle with immediate expenses, we can offer an upfront and interest free cash advance once contracts are exchanged. The payment is made through the solicitors and is a further sign of our financial commitment.

Many people are in the process of moving home, potentially stuck in a chain and government advice on staying home and isolating certainly prevents much of the house buying process.

So, what are the government and various industry authorities recommending for those looking to sell their home during the COVID-19 crisis?

Key Advice For Selling Your Home During Coronavirus Outbreak

The Government issued advice at the end of March stating that the parties involved with the home moving process to adapt and be flexible in their approach. They stated that there is no need to pull out of transactions, however they are encouraging to put things on hold, with lenders being asked to put mortgage offers on old.

This is ultimately to ensure the safety of the nation. Demand has fallen from buyers significantly, as you’d expect, with the following advice now being given to those tempted by the market…

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The Government have advised that buyers and renters should delay any moves until once the pandemic has passed.

You should work together with the relevant parties to ensure the delay suits everyone. If unavoidable, all parties should follow government guidelines on distancing to minimise any potential spread of the virus.

Of course, anyone with symptoms or in a position where they are self-isolating should avoid moving during this period. 

Delays may affect your mortgage offer. In order to prevent this, UK Finance have confirmed that any buyers that have exchanged contracts will be able to speak to their mortgage lender to extend their offer for up to three months. 

Putting Your Home On The Market

As it is against government restrictions to allow people outside of your household into your home, putting your home on the market during the current circumstances will be more problematic than usual.

It is however still possible to sell your home, with technology aiding the opportunities to do so.

Firstly, it’s possible to use electronic forms of communication and telephone to begin the selling process, while photographs can aid this.

However, it isn’t currently possible to get assessors and agents into your home to perform key aspects of a sale, such as surveys and appraisals.

Here at Property Rescue it is still possible to sell your home to us and secure that, and we are doing at utmost to still ensure as smoother transaction as possible.

Government guidelines state that you are still free to accept offers, but the process of moving could meet delays. 

We understand that, which is why during this period we guarantee to work at the pace of the seller to ensure the best possible sale during such difficult times.

For more information and expert advice on how to sell your home currently, get in touch on 0808 302 9163 or visit our contact page.

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