The new September 30 stamp duty deadline is once again expected to prompt a significant spike in bridging loan application volumes and general bridging finance activity.
With the stamp duty holiday having been extended until the end of September at the earliest, motivation among movers and buyers is high. Particularly among those who were unable to take advantage of the incentives before the first deadline. New research conducted by GetAgent suggests that the average time it takes to successfully sell a home in England has skyrocketed to 295 days. This suggests that even those who put their homes on the market at this early stage may struggle to meet the new stamp duty holiday deadline. An issue which, according to experts, could fuel a spike in demand for short-term financial products like bridging loans.