Home buyers whose plans were put on hold under the coronavirus lockdown will see their mortgage options open up after the government announced measures to bring the property market out of limbo.
James Pickford explains in his FT.com article that surveyors are allowed to enter homes to carry out valuations, buyers and sellers could view properties in person, estate agents could open offices and show homes, and removals firms were cleared to resume operations. This is all subject to physical distancing and hygiene guidelines
Aaron Strutt of Trinity Financial told the Financial Times: “Valuations are not just going to come back overnight but the market is easing. There are huge backlogs at the moment for the physical inspections of properties. Lenders have got to work their way through these applications.”