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Desperate property buyers borrow at 16pc a year to beat stamp duty deadline Expensive ‘bridging’ loans that can be taken out in days are one way to make sure purchases complete before March 31 Bridging finance is much more expensive than traditional mortgages Credit: Mark Magnaye Home buyers have turned to lesser-known forms of borrowing, at sky-high interest rates, to ensure their property purchases complete before the stamp duty deadline. Buyers could be left with a £15,000 tax bill if their transaction does not conclude before March 31. However, as banks, solicitors and surveyors struggle to cope with demand, there are fears that thousands of people may miss the cut-off date. ....