Stamp Duty Backlog Could Hit Unsuspecting Homebuyers For £1bn

With as many as 325,000 property sales agreed between September of this year and January predicted to fail to complete before next year’s stamp duty holiday deadline, many homebuyers could be hit with an unwanted surprise. This is due to the sheer volume of sales currently stuck in a market backlog, as the industry struggles to cope with the huge levels of market activity seen in recent months. New research by estate agent comparison site, GetAgent.co.uk, has revealed the extent of the potential stamp duty bill for unexpecting homebuyers caught in the current market backlog. The figures show that with England accounting for 97% of transactions, 315,534 sales could be impacted. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/stamp-duty-backlog-could-hit-unsuspecting-homebuyers-for-1bn-warns-new-research.html