Stamp duty has been a big topic of discussion for everyone in the property market of late, thanks to the ‘will they, won’t they’ over a possible extension to the stamp duty holiday which was due to end at the start of April.
The clock is ticking on the Government’s Stamp Duty holiday. Last summer Rishi Sunak, the Chancellor of the Exchequer, announced that no Stamp Duty would be charged on the first £500,000 of any purchase made before the end of March 2021.
London Credit has relaunched its auction finance product, where an offer can be issued prior to the auction so that a potential buyer has surety of funds should their bid be successful.
Estate agents back in April (when the UK was in lockdown and the property market was frozen) were forecasting that house prices would fall by up to 10% in the short term.
