How we are helping you with moving house
Written by Julia Ludlow | Residential Property | 3rd April 2020
There aren’t many areas left untouched by the Coronavirus, including moving house. As with many people, our conveyancing colleagues are working at home as much as we can. We are finding that our mobile phone conveyancing app is proving invaluable in keeping our clients up to date and progressing matters swiftly. We want to progress your conveyancing transaction to the point where we are ready to exchange contracts.
At that point, we will hold off until we are in a position where we know we can aim for an agreed date on which you will be able to complete.
The best way forward
We as a conveyancing community have agreed that the best way forward is to aim as much as possible, to exchange and complete on the same day. This would be a simultaneous exchange and completion, even where there are several parties in the chain. Everyone would aim to complete on the agreed date and put their arrangements in place.
Protection
The reason for this is to protect you, and other parties in the chain, from possibly finding yourselves in the position where you are in breach of contract, through no fault of your own. This could happen where you had agreed on a completion date, exchanged contracts, and then the lockdown becomes even tighter. You would be unable to complete your sale or purchase and financial penalties could be applied. This might include the loss of your deposit and other additional costs.
Where contracts have already been exchanged, and completion is unable to take place, we are working with our clients and other conveyancers, to agree an alternative completion date. All parties are expected to ‘act reasonably and in good faith’ in their coming to an alternative arrangement in order to minimise further anxiety and distress.
Speak with our Residential Conveyancing Team
Alternatively, if you would like to speak to one of the team to discuss your options in more detail please call: 01752 827069 or request a callback.
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