Stamp duty holiday was extended until 30 June with final phase until September
Buyers are reliant on their solicitors and conveyancers to complete in time
The time taken for local authority searches to be returned can vary hugely
Ashfield District Council in Nottinghamshire has a 5 working days turnaround
Hackney buyers wait an average of 180 working days to get these returned
Property experts reveal their tips for getting through the legal process quicker
By Monidipa Fouzder2021-02-11T12:17:00+00:00
The government has unveiled draft rules governing the future use of digital identities to help ‘revolutionise’ the conveyancing process.
The Department for Digital, Culture, Media & Sport said digital identity products allow people to prove who they are, where they live or how old they are. ‘They are set to revolutionise transactions such as buying a house, when people are often required to prove their identity multiple times to a bank, conveyancer or estate agent, and buying age-restricted goods online or in person,’ the department said.
The ‘
trust framework’ comprises specific standards and frameworks for organisations that provide or use digital identity services. Organisations will be required to publish a yearly report explaining which demographics have been, or are likely to have been, excluded from their service and why.
By Monidipa Fouzder2020-12-18T11:40:00+00:00
The Law Society is urging people wanting to buy or sell a home during the temporary stamp duty holiday to have realistic expectations about completing before the 31 March deadline.
In July, chancellor of the exchequer Rishi Sunak announced he was cutting stamp duty for residential properties in England until 31 March 2021. Days later the Welsh Government announced a similar
The Society said it wants consumers to have realistic expectations about achieving their dream move before the stamp duty holiday ends. David Greene, president, said: ‘Consumers must recognise that it is increasingly unlikely that if they sell/buy their house now, they will complete by the 31 March deadline. The solicitor is often the last link in the move, and it is only when the solicitor has all the pieces, which they are dependent on obtaining from others, that buyers and sellers can move.’