Update on conveyancing and COVID-19
Following the Prime Minister’s announcement on 23rd March, many conveyancing clients have been left with the difficult decision of whether to continue with their transactions, or delay until restrictions on non-essential movements are lifted.
A few things to consider are:
- If you are or have a cash buyer, will it be possible to exchange contracts (when you legally commit yourself to the transaction) and complete the transaction on the same day to avoid any issues that delays to the banking system might cause?
- If you will need to physically move, can this be done within the government’s restrictions on non-essential movements?
- If you delay, what will the financial implications be to you personally?
Our head of conveyancing, Laura Mather, says, “we have a fantastic team here at Samuels and we are all pulling together to make this situation work as well as possible. We are fully functional, so rest assured we will deal with all matters in a manner as close to normal as possible in these difficult times."
No-one has all the answers just yet but if you are concerned please do get in touch. Please bear with us and we will come back to you as quickly as possible. Each case is unique and if we all work together then we can make the best of this unprecedented situation.
Our priority for the next week or so is to deal with transactions that are due to complete imminently, and then focus on the other transactions to make sure we progress them as swiftly as possible. We will then have to look at possible completion dates on a case by case basis, depending on the length of the chain and whether mortgage funds and physical removals are required.
If you have any concerns at all about your conveyancing, contact us today.