LGT Vestra manages model portfolios for Lonsdale Wealth Management clients. Their technical team has put together a summary of key bits of information and useful links on moving house.
· If you have exchanged contracts and the property you are moving to is “vacant” you can continue with your move but need to follow the related guidance on home removals. There is no definition of vacant but we assume this means a property where the seller has previously moved out rather than one where the seller will be vacating the property on the day of completion itself.
· A statement from the British Association of Removers advises their members to cancel or postpone any move that has not yet started although this conflicts with the Government advice issued yesterday. So this needs to be considered where parties have exchanged contracts but have not booked their removals. It also needs to be considered by those who have already booked removals. So even if a property is vacant you may have logistical difficulties in moving into it unless the removal is actually underway i.e. the removers have started packing. (Source Edwin Coe Solicitors 27/3/2020)
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Please remember : Your home may be repossessed if you do not keep up repayments on your mortgage