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Stamp duty warning: 'Whole chains' face collapse due to shortage of removal companies


| UPDATED: 07:08, Mon, Jan 25, 2021
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A property expert has warned that there is a “big bottle neck” coming over the next few weeks. The stamp duty holiday is due to end on March 31 after Rishi Sunak enacted the tax break on July 8. The deadline is coming “hard and fast” and is pushing Britons to rush their transactions in order to save money. ....

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Mortgage warning: Lenders & conveyancers to face delays as stamp duty deadline approaches


Homes over this value will also see a reduced rate levied.
These changes were broadly welcomed but the support is due to end on March 31 2021, with the old rules being reinstated beyond this.
With this deadline approaching, many would-be homeowners will be keen to take action before it s too late and this could create a problem for consumers heading through 2021.
Gary Hemming, a Commercial Lending Director at ABC Finance, explained how difficulties could emerge: With the stamp duty holiday coming to an end on March 31st, there will be a lot of pressure to complete before the deadline.
Mortgages may be impacted as the stamp duty deadline approaches (Image: GETTY) ....

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