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  • March Property News: Should House-owners Panic About Coronavirus?

  • Posted by on 22nd Mar 2020
  • With talk of Coronavirus everywhere, all eyes are on its impact on markets across the country. With the travel and entertainment industries already impacted, it’s understandable that homeowners looking to sell or buy property may be worried. But should you be?

     

    Don’t Panic – Just Yet

    A recent Forbes article highlighted the resilience of the UK market. Despite a dip in enquiries for properties in Central London (attributed to foreign buyers unwilling to travel) the UK markets remain stable with 83% of people surveyed stating that they intend to continue selling or purchasing their home despite the coronavirus.

    And, with banks including RBS, TSB and Llyods offering a mortgage window delay in payments for affected families, it seems there’s plenty of support to give would-be homeowners peace of mind.

    The measures in place are reassuring for the housing market, which was already left shaken at the end of last year with the collapse of structural warranty insurer, Alpha Insurance, which resulted in over 20,000 properties being left with no valid warranty protection.

     

    Recovering After The Collapse Of Alpha Insurance

    If you’re one of the many houses that were left without a solid structural warranty product then you may have struggled to sell your property. Fortunately PC Certificates can help with ease! Our team has been working exhaustively to deliver a support solution that ensures homeowners, property developers and construction companies are not left without cover.

    Our Professional Consultants Certificate is a quick and cost-effective way to get your property certified in a form that is recognised by the Council of Mortgage Lenders. Our experts can provide a quick turnaround on your certificate, ensuring your certificate is there when you need it. 

     

    Find out more about the closure of Alpha Insurance and how it has affected the housing market, here

     

    Find Out More About The Property Industry From Our Experts

    If you want to find out more about the latest news in the property industry, and how that can impact you, then get in touch with our specialists today! Our experienced team understand the property market and can advise you on acquiring a Professional Consultants Certificate to secure your mortgage. 

    If you’re looking for help finding cover for your building, then our passionate team will work hard to ensure your business is efficiently covered and your property is protected against any defects or issues that may arise. Speak to our experts now to find out more.

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