The UK housing market could be about to be shut down as a result of the coronavirus outbreak. Banks are currently in talks with the Government that could suspend home purchases entirely, the FT reports.
Notes have be sent seeking "urgent clarification" over the future of buying and selling homes at a time it's almost impossible to arrange valuations or viewings. “UK Finance has been seeking urgent clarification from the Government about whether home purchases should continue at the current time, particularly as physical property valuations are no longer possible,” a note seen by the FT reads.
Currently, there's no official bar on moving house, although the advice coming from the Government is to delay the process if you can.