The government has effectively frozen the market, calling on Thursday evening for a pause on all transactions, except those that are contractually obliged to go ahead and where an agreement can’t be reached to delay.
This has left many buyers and sellers painfully in the lurch. Some have been left in self-isolation while having to legally complete on their property; others in temporary accommodation waiting to exchange have been told everything is on hiatus. Surveys, viewings and valuations are nearly impossible. Meanwhile, Savills anticipates a 5 to 10 per cent short-term fall in house prices. Recovery will be dependent on the state of the UK economy.
So what should you do if you need to move house? Melissa Lawford, The Telegraph’s property correspondent, Thea Carroll, who runs the Thea Carroll Property Consultancy, and Andrew Boast, director of SAM Conveyancing, will be here at 1 p.m. (GMT) to answer your questions.
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