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COVID 19 Conveyancing FAQs

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We are living in an unprecedented time, guidance and legislation is being brought into action at rapid pace with significant restrictions and changes implemented to the way we all live and work. We at Hewitts have set out below simple and clear guidance as to the Government’s fresh guidance as to moving home whilst the Coronavirus COVID 19 stay-at-home restrictions are in place:

Can I still move home?

  • If you are buying a property where the current owner needs to move out then the parties are encouraged to delay moving home until after the Coronavirus COVID 19 stay-at-home restrictions are lifted or otherwise the parties are to agree an alternative amicable solution.

So as to help minimise the spread of the virus, people should follow the Government’s guidance on social distancing and cleaning during the moving process and anyone with symptoms, self-isolating or shielding from the virus, should follow medical advice which will mean not moving house for the time being unless absolutely necessary.

  • If no one is living in the property that is being purchased then you can still buy and move into the property.

Can I still buy or sell a Buy to Let Property?

Yes. If you are buying or selling a buy to let / investment property then you can still proceed albeit that if the current occupiers are required to move out then you are encouraged to delay completion until after the Coronavirus COVID 19 stay-at-home restrictions are lifted or come to another amicable solution.

Can I re-mortgage my Property?

Yes. The Bank of England has cut the Base Rate to a historic low of 0.1% and if you wish to remortgage now could be a good opportunity for you to do so if the circumstances are right for you. We would recommend that you speak with your mortgage broker to see what products are available as we understand that some lenders are struggling to deal with the demands placed on them at this time so they may not be withdrawing some products from the market.

My mortgage offer is due to expire, what can I do?

To support customers who have already exchanged contracts for house purchases and set dates for completion, all mortgage lenders are working to find ways to enable customers who have exchanged contracts to extend their mortgage offer for up to three months to enable them to move at a later date. If you are in this position we suggest that you discuss this with your lender as soon as possible.

We are proactively working with our clients to help them navigate through this difficult time. If you would like further guidance then please do not hesitate to contact us and we would be more than happy to help.

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