The Finance House has been seeking urgent clarification from the government about whether Home buying in the current climate should continue at the current time, particularly as physical property valuations are no longer possible. The government has now stated that:
1. Home buyers and renters should, as far as possible, delay moving to a new house while emergency measures are in place to fight coronavirus.
2. If moving is unavoidable for contractual reasons and the parties are unable to reach an agreement to delay, people must follow advice on social distancing to minimise the spread of the virus.
3. Anyone with symptoms, self-isolating or shielding from the virus, should follow medical advice and not move house for the time being.

Further detailed guidance about buying in the current climate is anticipated shortly, and The Finance is seeking urgent clarification from the FCA to that there are no barriers if the buyer/seller wants to go ahead.

For more information go to Brighton Mortgage Broker – The Finance House
For the FCA go to Register Home Page (fca.org.uk)