The current spread of coronavirus has directly affected many aspects of our lives, including the property market.
Amongst all of the problems that have arisen due to the spread of coronavirus, there have been a lot of questions surrounding the property ladder, especially from those who were in the midst of buying/selling when the pandemic began and lockdown was enforced.
To make things a little clearer, we thought we’d give you a quick summary of what those people, currently on the property ladder, are being advised.
All of the current guidelines are being made with the health and safety of all individuals and preventing the further spread of coronavirus in mind – but that doesn’t mean it causes a complete bump in the road for those in the midst of buying and moving.
According to official government guidelines, it has been stated at this time that there is no reason for you to pull out of any transactions. As long as everything still goes forth with the health and wellbeing of the public at the forefront of the matter, as well as the advice surrounding social distancing, things are okay to go ahead – especially if the property you are moving into is already vacant. However, if this is not the case, other arrangements should be made and dates should be moved in order to meet the current guidelines.
When it comes to mortgage offers and sales that are currently going forth, the government are working with banks to extend and delay everything so it can be picked up once the current situation is under control.
So, as it stands, your plans aren’t being disrupted but simply put on pause. This is so we can keep tackling the spread of coronavirus and be back to normal as soon as possible. To find out more about how you might be affected, be sure to check out the official advice on gov.co.uk.
To ensure that Carman Friend is also conforming to current government advice, we have been working from home to keep business as usual. Although we are not physically present in the office, we still remain open for business and available to discuss any of your property needs.
All meetings arranged prior to COVID-19 have been arranged to a later date and will be tended to once the current state of affairs has passed.
In the meantime, the team here at Carman Friend are staying home and staying safe in order to stop the further spread of this virus, as, like many people in the UK and around the world, we would like to get back to normal as soon as we can.
So, in the meantime, the team would like to wish all of our clients well and extend our thanks and appreciation to all of those in the NHS and other key workers that are helping the country stay on its feet.
All the best,
Carman Friend
