. It said there is no need for buyers and sellers to pull out of transactions, but both parties should try to agree a new date unless the property is empty. And it said banks have agreed that mortgage offers should be extended where delay to completions takes place.
“While UK house prices may not go unscathed, experience tells us that the housing market can be surprisingly resilient.”On Thursday 26 March, the government also announced thatto help them cope with the financial impact of coronavirus. The money, which is up to a maximum of £2,500 a month, will be paid in a single lump sum, but will not begin to arrive until the start of June at the earliest.
“If you are eligible for new style Employment and Support Allowance, it will now be payable from day one of sickness, rather than day eight, if you have Covid-19 or are advised to stay at home.