Dream Home

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Paul and Rachel Pattinson should have exchanged contracts on a new home This Week

The UK housing market almost came to a standstill, after the people were asked to stay home, the spread of the Corona Virus. to move

The Move , if at all possible.

However, Some People are moving So Close to you would like to go further with him.

Rachel Pattinson, 32, and Her Husband Paul, 37, were due to exchange and complete your purchase of A House in the County of Durham, on Tuesday, 24. March.

to move But The Night before they were due, and Prime Minister , Boris Johnson , announced a far-reaching restrictions on freedom of movement.

"It was very shocking," says Rachel. "My dream house now hangs in The Balance . "

she did not move on Tuesday, because a moving company for a person, moved the further up The Chain .

removals companies have all but stopped working, and trying to personnel exempt from the "coalface" as soon as possible, according to the industry body, The British Association of removers.

Rachel says that, In Theory , you could not move yet, but "in reality, I don't know if it will happen.

she works in the science, and Her Husband works for a company that provides accessibility of the works, and you fell, you would still be able to pay the mortgage.

And you are not dependent on a moving company to leave as you planned, the large furniture back into your old house, and treat yourself to some new furniture.

But because the whole coronavirus crisis is so fast, and there is so much uncertainty about what will happen in The Future , Rachel does not really know whether the train will come.

Out of pocket

whatever happens, you coronavirus thinks left to pull out of the bag. If the sale falls through, would you still have to pay lawyers and other costs.

And if the sale does not go through, Rachel thinks it might be a slump in the real estate prices in comparison to The Price agreed in November Last Year , again put the out-of-pocket.

Other families in a similar position.

Until Thursday, Mehreen Ali hopes to move their Young Family into a new house in April, moved along nicely.

Mehreen Ali is worried procedure, on the court, if your Family sale falls through

Now, as the coronavirus, The Plan has ground to a virtual standstill.

"Every bit of correspondence is the consumption of twice, Three Times as long," says Ms. Ali, 36, from Sheffield. "The contracts have been signed and sent from our side and We Are still waiting for a response from the buyer.

"resting Everything on one decision," she says.

At The Other end of The Chain is a newly built house is located.

The government has noted that empty objects can be moved, if remover and the new tenants follow safety measures against the coronavirus.

And the building of the Ali's " new home, she said, to help people, move them and their two small children in The House .

game room

But Mrs Ali says that when she and Her Husband , works for the NHS can not exchange on the sale of your own home, you can be able to The Purchase of your new home.

she fears this could be the consequences of legal to.

"I think the biggest concern is, what kind of protection we have," she says. "Not financial security, but a legal provision that is to say, 'because of the coronavirus, and things take longer, this is a clause that says they will not be brought to justice. You get so many weeks or so many months the game room to give you some wiggle-room".

"That would be a really great consolation for us, because what we usually do."

she says she has a back-up-Plan - new-mortgage your house and put it up for let - in case you could not sell your house In Time .

But she says: "obviously, the rental market is completely down now, and adds: "For the re-pledging of the deposits have increased exponentially, because of this uncertainty in regard to that, until, maybe, a week, Two Weeks , maybe we would have stretched us to the maximum, in order to be able to pay for it. "

Mrs. Ali says that she is in Constant Contact with the housebuilders.

"We have not yet felt any kind of negative impressions of them," she says. "But you are very eager to move forward with the sale of the new property.

"From a large company point of view, I think there is just less in the game compared to a small Family - we have everything on the game. "

housing, uk economy, sheffield, housing market, coronavirus pandemic

Source of news: bbc.com