Home movers given up to three months to extend mortgages due to coronavirus

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Home movers given up to three months to extend mortgages due to coronavirus
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HOME movers will be given the option to extend their mortgage offer for up to three months during the coronavirus crisis, lenders have said. It means Brits will be able to move home at a later date…

HOME movers will be given the option to extend their mortgage offer for up to three months during the coronavirus crisis, lenders have said.at a later date as the Government continues to urge people to only go outside if absolutely necessary.Brits will be able to move home at a later date during the coronavirus crisisThe option will be available to all customers affected by coronavirus who’ve already exchanged contracts.

Stephen Jones, chief executive of UK Finance, said: "Lenders recognise that many people looking to move into their new home are facing significant stress and uncertainty due to the impacts of coronavirus.THE Government has offered the following advice to Brits currently thinking about moving home.You shouldn't have anyone visiting your home until the Government changes its coronavirus advice.

The Government is suggesting using lockdown time to start gathering information you will need to provide to potential purchasers.The government says you shouldn't be carrying out viewings, but you should still keep your home on the market.You are free to continue to accept offers on your property, however the selling may take longer."Current social distancing measures mean many house moves will need to be delayed.

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