Will coronavirus sink the property market?

Britain is on lockdown and so is the property market. The Government has told people not to move home while the coronavirus lockdown is on, and the property market has been frozen as estate agents are instructed not to do viewings and valuations and surveys can’t happen. Meanwhile, banking giants Barclays and Halifax have axed a big chunk of their mortgage ranges – only offering new deals through brokers to those with the largest deposits – and the industry says it has been overwhelmed with requests for mortgage holidays. Amidst all this, many are asking the inevitable question: ‘What will happen to house prices?’ On this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost look at what buyers and sellers can do, how the freeze is affecting those due to move, and explore what could happen next for the property market. They also discuss Chancellor Rishi Sunak’s rescue package for the self-employed and why it is a welcome measure that seems to have some glaring gaps. And finally, among all this coronavirus chaos, the team remind listeners not to forget the tax deadline and why in troubled times it’s even more important to use the tax-friendly investing and saving that pensions and Isas provide. We won’t send a drone round to make sure you do it, but you’ve been warned.

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