The stamp duty holiday deadline is fast approaching and if you haven't already taken advantage of it then it’s most certainly the time to act now to ensure you can benefit in time. With the deadline set to end on 31st March, buyers can save up to £15,000.
In normal market conditions, most sales agreed before the New Year will complete by 31st March. Only 54% of sales agreed in January will make the deadline, 17% in February and 3% in March.
Increased buyer demand over summer has led to 140,000 more sales in the system than usual (Zoopla). This has put huge pressure on lenders, valuers and conveyancers and is likely to cause delays in sales exchanging.
Buyers need to be well prepared if they want to make the deadline; to boost their odds they should instruct Martyn Gerrard as soon as possible and we will help you make it in time and get all your paperwork together. Source: Dataloft, Zoopla