Finchley Coronavirus COVID-19: Advice for the property market
Guidance for people buying or selling residential property in Finchley N3 during the Covid-19 pandemic.
Some Frequently asked questions answered for the Finchley N3 property market
Has the government stopped all property transactions?
No. In line with wider COVID-19 guidance, the government has urged everyone involved in a property sale in Finchley N3 to work within and adapt to new restrictions around social distancing and self-isolation.
If a property transaction in Finchley N3 is underway do I need to cancel it?
No. The government has said there is no need to pull out of transactions in Finchley N3 due to COVID-19. Instead, anyone in this situation is encouraged to defer the completion date until after stay-at-home COVID-19 measures are lifted although there is an exemption for “critical home moves in Finchley N3”. Where a property is vacant then subject to social distancing, this can also be completed in Finchley N3.
Are exchanges still possible for a property transaction during COVID-19 in Finchley N3?
Yes. The government recommends that where all parties wish to exchange, this should be either delayed until after stay-at-home measures are lifted or proceed if clauses are included to manage the risks presented by Coronavirus e.g. delayed completions.
And what if no delay for completion can be agreed for Finchley N3 property transaction?
The government has said that if moving is unavoidable, people can proceed but must follow social distancing guidelines for COVID-19 in Finchley N3.
What about mortgage offers? Will they still be valid?
The government has agreed with banks that mortgage offers in Finchley N3 that are valid during the lockdown of COVID-19 should be extended for up to three months where completions are delayed and is working with conveyances to establish a legal process for moving completion dates.
What if I am moving during the lockdown into an empty property in Finchley N3?
You can continue with the property transaction while following guidance on home removals in Finchley N3. The government has also told surveyors that it may be possible for them to carry out urgent surveys on empty properties or where the occupants are out.
What is the guidance on property removals during COVID-19 in Finchley N3?
Removers working in Finchley N3 should honour their existing commitments where it is clear the move can be made in line with public health guidelines around social distancing and self-isolation.
If I want to put a property in Finchley N3 on the market during the COVID-19 pandemic, what can I do now?
You can prepare your property in Finchley N3 for the sale, working with Roundtree Real Estate. However, physical inspections or viewings can not take place until the lockdown due to the COVID-19 pandemic is over and the government guidelines allow us to carry out viewings in the property you wish to sell in Finchley N3.
What about virtual viewings for my property sale in Finchley N3?
There are no restrictions on marketing properties for sale in Finchley N3. This includes virtual viewings from the occupant or if there is a professional virtual tour already available.
What if this leads to an offer for my property during the Covid-19 Pandemic?
There are no restrictions on accepting offers although the government warns the process is likely to take longer than normal. Estate agents can continue to progress sales within social distancing restrictions.
Can a Finchley property estate agent visit an office or property Covid-19 Pandemic?
No. Finchley estate agents should not open branches to the public or visit people’s homes. Business should be conducted, working from home. An exception is permitted to collect keys to facilitate necessary works or a move-in or completion in Finchley N3, subject to, being well and adhering to social distancing guidelines.