Prospective house buyers are facing a four-month wait to complete their home buying journey, according to Kevin Roberts, director of Legal & General Mortgage Club.
The housing market will remain open for business, despite a second lockdown due to commence from 5 November.
Roberts said: “Britain’s housing market will remain open despite a second national lockdown and buyers will be able to view and move property over the coming weeks.
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“However, the housing sector is currently experiencing unprecedented demand from those looking to buy and research from Legal & General Mortgage Club shows that consumers are already facing a four month wait to complete their home buying journey.”
Meanwhile, Mark Hayward, chief executive at NAEA Propertymark welcomes the news that the ousing market is to remain open throughout this second lockdown period.
He said: “It is essential that all agents continue to play their part in reducing the spread of the virus through following all relevant guidance.
“Agents must operate in accordance with government and Propertymark guidelines, to keep the market moving through these uncertain times.”