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Birmingham Post
Birmingham Post
Business
Hannah Finch

The rules for buying, selling and renting a house in Tier 3 or Tier 2 lockdown

Buying, selling and renting a house in Tier 2 and Tier 3 lockdown areas can still go ahead, according to government guidance, as long as the procedure is Covid-safe.

Under guidance from government, it is still business as usual for the property sector, but safety measures should be employed by estate agents, renters and home buyers and sellers as well as maintenance personnel.

The guidelines state:

Use of remote working tools to avoid in-person appointments
Only those participants who are absolutely necessary to an appointment should physically attend and should maintain social distancing, wearing a mask and sanitising hands
Avoiding actions that might transmit the virus during appointments, such as sharing pens, documents and other objects
Hold meetings outdoors or in well-ventilated rooms whenever possible

After seeing a surge in demand for property investment in the North West of England, Madalena Penny, Director of Property Auctions at Penny Joseph and Town and Country in Lancashire, said it would be a shame if investment in the North West stagnated because of lockdown restrictions.

Recent data from mortgage broker Mojo Mortgages reveals property investors favour the North-West, as prices remain stable and rental-yields are the highest in the country, making it the hot-spot of investment.

Ms Penny said: "There should be no reason why property sales and buy-to-let investments should stagnate.

"As long as everyone is sensible, and follows the government recommended guidelines, we should be able to successfully carry out property transactions safely.

"As we have had to co-exist with the Covid Virus, it will of course take time to adapt to new business procedures. But if these procedures are carried out as a matter of habit, the property sector will continue to flourish, despite the setbacks."

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