The whole of West Yorkshire is at risk of joining South Yorkshire in Tier 3 as coronavirus cases continue to rise.
This is the harshest of the government’s three-tier alert system and imposes similar restrictions to the lockdown earlier this year.
Under Tier 3, which is known as ‘very high alert’, rules include a ban on all household mixing both indoors and outdoors, closure for many hospitality venues and a ban on non-essential travel.
Thankfully for those in midst of buying or selling a property, unlike the first nationwide lockdown in March, the property market isn’t set to be frozen.
Under new government regulations you may still be able to buy or sell a property but there are some restrictions in place.
Here’s what the new restrictions look like for those looking to buy or sell a house.
Can you buy or sell a house under the new regulations?
Under new government restrictions you may still be able to buy or sell a property in Tiers 2 and 3.
Official guidance states “estate agents, letting agents and removal firms can continue to work and people looking to move home can continue to undertake viewings”.
A significant difference to the advice issued in March which led to the shut down of the property market up until May this year.
What are the current restrictions?
House viewings and any visits including removal and/or repair companies must be done so in a covid-secure manner.
It is suggested viewings and appointments that can be done virtually should be as to avoid in-person meetings wherever possible.
Only participants who are absolutely necessary should attend face-to-face meetings and social distancing measures must be adhered to. Participants must be wearing face coverings.
Close contact actions such as sharing pens/documents must be avoided wherever possible.
It is advised to hold necessary meetings in an outdoor or well ventilated space.
Can I buy a property in a Tier 3 area if my current area is not?
There is no ban on travelling into a tier three area, only guidance to “avoid” doing so unless unnecessarily.
House viewings ahead of a property purchase or travelling to move into a new property would be considered “essential” and therefore allowed to go ahead so long as the correct social-distancing procedure is followed.
Is now a good to to purchase a property?
In a bid to boost the housing marketing following the lockdown earlier this year, the government implemented a cut to stamp duty cost s in July.
The threshold at which buyers have to start paying stamp duty was raised from £125,000 to £500,000, in England and Northern Ireland.
This means 9 out of 10 transactions are no longer subject to stamp duty.
The stamp duty holiday is comes to an end on 31 March 2021.
As a result, if you want to sell your home, the current measures are likely to act as an incentive for buyers.
The new three tier Covid restriction has not changed the stamp duty holiday incentive.
For more information on Tier 3 restrictions visit the government website here.