Blog Post

Deadline closes in on stamp duty holiday

Gill - Head Gillian Bell Nov 3, 2020, 11:00 AM
181_Dataloft_inform_Insight

With the stamp duty holiday set to end on 31st March 2021, buyers should get a move on if they want to take advantage of stamp duty savings of 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 find a great agent as soon as possible and and get all their paperwork together. Source: Dataloft, Zoopla

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Sean was really lovely on our inspection. Quick, easy and efficient. Thank you!"

- Roberta

"Keep it up the good work. I thank you very much"

- Richard

"Abbey was very friendly and helpful"

- Sandra

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope

"Very good estate agency"

- Junaid