Government Advice on moving

Robbo66

instead of delaying the sale/purchase exchange with completion on notice same as we already do for new builds. I don't get all the panic, we just need to apply some common sense.

Peony2016

AngelEyes91 said:

Okay so I am moving into an unoccupied property but obviously my buyers won’t be.. however we aren’t ill or anything so would that be allowed? 

My understanding is that it would be allowed, with the strong recommendation that a term is entered into the contract that ‘manages the timing risks presented by the virus’. The below are extracts from the government advice:

• Conveyancers should advise their clients who are ready to move not to exchange contracts on an occupied property unless they have made explicit provision for the risks presented by the virus.
• [Estate] Agents should advise clients to be patient and not to exchange contracts unless the contracts have explicit terms to manage the timing risks presented by the virus.

Edited to add: your conveyancer will be best placed to inform you what explicit wording should be entered into the contract. The government advice doesn’t cover what wording should be used.

davidmcn

Robbo66 said:

instead of delaying the sale/purchase exchange with completion on notice same as we already do for new builds.

Good luck drafting the parameters for service of the notice.

Robbo66

davidmcn said:

Robbo66 said:

instead of delaying the sale/purchase exchange with completion on notice same as we already do for new builds.

Good luck drafting the parameters for service of the notice.

No different than buying a new build, the legal framework in already in place. Once the country gest the go ahead from the government then completion notice given. I do realise it is somewhat more complected than that but it is doable and again a common sense approach is needed

davidmcn

Robbo66 said:

davidmcn said:

Robbo66 said:

instead of delaying the sale/purchase exchange with completion on notice same as we already do for new builds.

Good luck drafting the parameters for service of the notice.

No different than buying a new build, the legal framework in already in place. Once the country gest the go ahead from the government then completion notice given. I do realise it is somewhat more complected than that but it is doable and again a common sense approach is needed

How are you going to define "go ahead" given that different sectors are likely to return to normal at different times? What happens if lenders decide they need to pull mortgage offers, or if a borrower's circumstances change materially and they can no longer proceed? What will the longstop date be? I doubt solicitors and their clients are likely reach a consensus on any of this.

BJV

I am not a mortgage adviser or solicitor but I would read into the guidelines as saying only move if it is safe to do so and only if necessary. It is a strange time and where possible I think we all need to hold over nerve and just wait until  we are back to normal what ever the new normal is.
We have a property where the tenants are scheduled to move out on the 6th of April, not sure what will happen but I have to say there is no way i would want to move right her right now. 

pimento

Getting a removals company will be the sticking point for a lot of people.

xthrash

As above, the removal company should be the only real problem but car hire places are open so hiring a van is an option.
We're due to move into a new build in the next few weeks and everything seems to be going ahead, as planned but delayed by a week due to waiting longer for things to come back. My main concern is moving into a new build and then no one being on site or anyone being available to deal with any major issues we might have.

bob_the_dinosaur

AngelEyes91 said:

Okay so I am moving into an unoccupied property but obviously my buyers won’t be.. however we aren’t ill or anything so would that be allowed? 

we are in the same position.  Would be interesting to see what advice is given from the conveyancers on this 

staffie1

https://forums.moneysavingexpert.com/discussion/6120779/clarification-issued#latest