We are continuing to monitor any updates in relation to Conveyancing during this time and will endeavour to report any further changes as they are released.
Whilst adhering to the governments guidelines we have still been able to complete a number of property transactions during the past couple of months. We have also taken on several new instructions which is really encouraging.
We believe the housing market will be busy once lockdown is relaxed or lifted, so being ahead of the game and being organised, is crucial.
We are finding that most law firms are still working, even if that is only working part time from the office, remote working from home and of course those who are working with a smaller workforce due to furlough. There are still the majority of Estate Agents, Local Councils, Water Authorities, Search Providers, the Land Registry, HMRC, Financial Advisors, brokers and lenders working but some of them are working with restricted facilities.
Although you are unable to view the majority of properties on the market (those which are occupied) you can still view properties online with estate agents offering virtual tours. Estate Agents can still look to market your property during this lockdown period, which will encourage people to view those properties online ready to book viewings as lockdown measures are relaxed. Some offers are still being placed especially for those who viewed property prior to lockdown and have found the properties have now become available.
Also, instructing a Conveyancer now to act for you with your sale will help aid with your planning too, as the client care paperwork which includes the property forms can be filled in, in advance of finding a buyer.
You can also instruct a Conveyancer to act for you with buying the property and the process can commence and progress. There may be delays with your mortgage offer and valuation, but the relevant applications can still be submitted, or the information gathered may be prepared, ready to submit when the time is right. A lot of lenders are now accepting desktop valuations or drive-by valuations or a mixture of both depending on the type of application and how much money you are borrowing. The majority of law firms, like us, are conducting “business as usual” even if that is at a slightly slower pace, which means the contract pack will be issued and your property searches can be applied for. The legal work can commence behind the scenes and you can sign as many of the legal documents in advance of the lockdown being relaxed. Once all is in place, a date for your move can be discussed so once the lockdown is relaxed or lifted, you are ready to go.
When there is a hive of activity in the property market following the end of lockdown, being organised will put you in a better position.
Buying and Selling will still continue, the key is using this down time to plan, do your research and follow the advice of your Conveyancer.
The content of this article is correct as at the date of posting and is for information purposes only. Whilst we try and ensure it is accurate we do not warrant or guarantee that this is the case, nor do we accept any responsibility in the event that it is relied on. The information is not intended to be a substitute for legal advice which you are recommended to obtain.Back to News