*** Please see this story for the latest news on house moving, updated 12 noon on Tuesday March 24 ***
The property industry is in confusion after the lockdown announcement by Prime Minister Boris Johnson.
With immediate effect after his mid-evening announcement UK citizens were allowed out for only four reasons: shopping for basic necessities, daily exercise, any medical need, and travelling to and from essential work.
But this leaves up in the air any party to a transaction currently underway - for example can they actually move in to their property?
Is this regarded as ‘essential work’? Are removal teams allowed to operate?
Estate Agent Today asked the Ministry of Housing, Communities and Local Government for clarification last evening; so far there has been no response.
One possible option would be for an exchange with a delay on completion, or a contract worded in such a way as to permit a delay if it was specifically caused by the Coronavirus clampdown.
Do agent or conveyancer readers have a view on this?