In the week in which stricter lockdown measures were introduced in parts of northern England, it’s important to remember that no one really knows what’s around the corner.
This is why, understandably, home movers are looking at ways to protect themselves against a sudden change in circumstances that could leave them financially worse off.
One way to do this is to build what are known as Covid or coronavirus clauses into contracts. These list a number of situations that may delay or scupper a property sale — “delay events” in legalese — that would allow the buyer or seller to rescind contracts or delay the completion date without losing their deposit. Ruth Barnes comments in an article featured in Sunday Times Scotland and The Sunday Times.