< Back to blog

National newspaper launches campaign to extend the Stamp Duty Holiday Posted On 14 January 2021

 

Prime Minister’s old workplace launches the campaign called, ‘Stamp out the Duty,’ today.

 

The Daily Telegraph, the old workplace of Boris Johnson and considered a strong influence on the current government, is ‘calling on the Treasury to avoid penalising thousands of homebuyers at a time when mortgage lenders are already demanding vast deposits and household finances have been battered by the pandemic.’

 

The campaign’s aim is to help out buyers about to be ‘caught out’ by a transaction process that now takes an average of 20 weeks compared to just 12 weeks a year ago. In fact, the newspaper suggests Chancellor Rishi Sunak should consider scrapping SDLT on homes completely.

 

A survey of 1,000 current buyers shows 48 per cent of buyers are worried that their sale won’t complete before March 31st, and 67 per cent would like to see the deadline extended. Mortgage broker, Enness Global, says those buyers yet to complete due to COVID-19 delays may be panicking, having had an offer accepted well in advance of the deadline.

 

An online petition calling for an extension is continuing to draw significant numbers of signatures. It is now approaching 73,000 and if it gets to 100,000 the government will be obliged to consider holding a debate on the subject. The petition can be found here – https://petition.parliament.uk/petitions/550545

 

There are several options on the table regarding the Stamp Duty Holiday including extending it by three to six months and letting anyone with a sale agreed before the 31st March take advantage regardless of how long the process takes.

 

Either way, with the stamp duty deadline approaching, pressure is being put on the chancellor and the government to look at the stamp duty holiday and the possibility of extending it due to the delays in the current process.

 

< Back to blog

Connect with us

Recent Posts

The hottest new books to look out for this year!

2021 promises to be a literary gold mine. Here we take a look at the books have got us excited this year…   2020 brought us some fantastic books. Whether it was a non-fiction autobiography such as Greenlights by Matthew McConaughey, or the prequel to the Hunger Games by Suzanne Collins or something more political …

Read more...

National newspaper launches campaign to extend the Stamp Duty Holiday

  Prime Minister’s old workplace launches the campaign called, ‘Stamp out the Duty,’ today.   The Daily Telegraph, the old workplace of Boris Johnson and considered a strong influence on the current government, is ‘calling on the Treasury to avoid penalising thousands of homebuyers at a time when mortgage lenders are already demanding vast deposits …

Read more...

Don’t just sit there, DO SOMETHING!

It’s a new year and time to try something new. But just how daring will you be? Bucket lists have an air of morbid finality, a list of ‘must-do’ ambitions before that date with destiny. However, a schedule of mind-expanding, physically demanding experiences might be the ideal psychological boost required as we try to shake …

Read more...

Dress yourself happy

Stuck at home all day looking at the grey sky at your window? Dress your way to happiness this month and lighten your mood.   Lockdown is tough. Especially this one which has fallen in the middle of winter. That hour of exercise doesn’t look so appealing when the rain is falling and the wind …

Read more...

‘Business as usual’ as market faces up to new lockdown

Experts say it would have been a disaster if Government had mothballed ‘cornerstone of the economy’ Mortgage market experts last week declared “it’s business as usual” despite the third national lockdown, with one insisting many would be grateful the Government had sidestepped “placing the property market back into a pandemic-induced cryogenic deep freeze”. Insiders pointed …

Read more...