The second Coronavirus lockdown begins today (Thursday 5th November 2020). Can you still buy a new home? What about renting?
Unlike the first lockdown it is hoped that estate agents, removals firms, letting agents and solicitors will keep operating throughout the lockdown.
Naturally everyone involved will have to make sure they follow covid-safe guidelines, but apart from that, you can move house as before.
The government’s housing secretary, Robert Jenrick, tweeted on Sunday evening with a housing market update saying:
- Renters and homeowners will be able to move
- Removal firms and estate agents can operate
- Construction sites can and should continue
- Tradespeople will still be able to enter homes
- But all must follow the Covid safety guidelines
In the Minehead and West Somerset area the property market has continued to be buoyant with buyers interested in moving to rural and coastal areas.
What about stamp duty?
In July the government suspended stamp duty on purchases up to £500,000. The stamp-duty ‘holiday’ is due to end on 31st March 2021. There have been no updates to this policy so far – so assume that it will end as scheduled.
It’s all set to be a busy autumn/winter period in the property market….
Now, more than ever, it’s important to get the best legal advice. Whatever your query – residential or commercial property – please get in touch.
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