Mortgages for Business is committed to keeping both our staff and clients safe during the COVID-19 outbreak while maintaining the best service possible. Our teams are working from home, but don’t worry, you can still contact us in the usual ways.
To read our comprehensive FAQ guide on how the emergency interest rate reduction and Coronavirus outbreak could affect your mortgage, please click here.
If you want to request a payment holiday, please contact your lender directly. For lender contact details, click here.

Housing Market Reopening in Wales, Scotland and Northern Ireland

While full lockdown rules in England lifted over a month ago, allowing for movement in the property market, regulations in Wales, Scotland and Northern Ireland continued to restrict the market. However, as Jeni Browne explains, this is now changing.

Announcements from both the Welsh and Scottish government’s show positive signs for the recovery of the whole UK property market.

 

Wales

Starting this week, those who have exchanged but are waiting to complete you are now able to move; however, there are conditions. The property you are moving into must have been unoccupied for at least three days or had a deep clean. This also applies to anyone moving into Wales from England.

 

All properties are now able to be valued physically (where necessary). Inspections must adhere to all social distancing and hygiene regulations set out by the government and RICS. You can read our blog on how lockdown property valuations work here.

 

Estate agents can reopen, meaning that advertising of all properties can resume as normal. However, only unoccupied properties can be viewed physically to minimise the risk of infection. This applies to both purchasers and prospective tenants.

 

Scotland and Northern Ireland

The Scottish government announced that they would be relaxing pandemic restrictions from 29th June, which means that house moves can resume. In the meantime, estate agents can continue preparing their businesses to open with social distancing regulations in place. Hopefully, this means they will be able to reopen in the near future.

 

Northern Ireland resumed house moves last week, and many lenders are now completing physical valuations here again.

 

This is all good news for home-buyers and landlords alike; after months of inactivity, processes in the property market are looking to start moving once again, all over the UK.

 

Make sure you don't miss any updates!

>> Sign up to our weekly newsletter

Author

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Get in contact with us: 0345 345 6788 or ...

Submit an enquiry
Arrange a call back