Phased reopening of Property transactions

Whilst there are challenges around the viewing of newly listed properties, there will be a large number of properties that had agreed sales prior to lockdown and are awaiting a relaxation of lockdown measures in order to complete.

Many, if not all, of these moves could be conducted whilst adhering to social distancing (use of self-hire vehicles, storage units or even removal companies could be combined with staggered handover of keys). Given the chain effect, this will positively impact estate agents and law firms whilst contributing to the collection of taxes, mitigate against a crash in prices and the associated economic harm.

Why the contribution is important

Many people will have arranged their finances or paid significant sums of money in anticipation of completing. Delays risk transactions falling through, resulting in significant hardship. A phased approach allowing previously agreed sale and purchases would allow the property market to tick over whilst supporting estate agents and law firms.

by JMc on May 05, 2020 at 01:27PM

Current Rating

Average rating: 4.7
Based on: 21 votes

Comments

  • Posted by vl3092 May 05, 2020 at 13:50

    Completely agree. I have also raised this as an idea earlier. My own sale has been halted due to this, and I am losing money on a daily basis in council tax, factor fees, energy costs and mortgage interest rates. I don't even live in the area where my property is because I moved out at the end of March when my sale was to go through.

  • Posted by sl806e May 05, 2020 at 14:01

    The property market should open up fully.

  • Posted by Nicola0110 May 05, 2020 at 14:13

    Agree we are impacted too. Moving can be safely accomplished by social distancing

  • Posted by Houston1970 May 06, 2020 at 07:23

    I feel the property market should open to allow people to live in with their lives

    Families in flats can purchase houses and give them space that they have not had.

    Viewings can be done with social distancing.

    Surveys can be done with social distancing.

    Make it hapoen

  • Posted by Lockdown_2020 May 08, 2020 at 07:21

    I fall into this category, my wife and i are both key workers as well and this is just adding to the stress. Informed two days before we were due to move that it was postponed, we have a house full of packed cardboard boxes and we have two kids. I just don't get why this can't happen when we can adhere to social distancing and move everything ourselves. MAKE IT HAPPEN!!!

  • Posted by Robblu May 09, 2020 at 19:26

    Totally support this. We are ready to move, our new house is ready but everything we own is in storage and we can’t get the removal company to access it or move it. We are renting unsuitable accommodation and paying large storage fees. Please help us move into our new home.
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