Delays increase pressure as stamp duty deadline nears
Some lenders have been slow in carrying out valuations, issuing mortgage offers and obtaining search results in time, and this is contributing to delays in the whole conveyancing process.
Some lenders have been slow in carrying out valuations, issuing mortgage offers and obtaining search results in time, and this is contributing to delays in the whole conveyancing process.
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The chancellor's lack of clarity with regards to the stamp duty holiday is helping to create another wait-and-see period for both vendors and buyers.
The stamp duty holiday in England introduced in July 2020 is due to end at the end of next month, which has raised concerns that sales could potentially reach a cliff edge.
Most vendors prefer to work with high street estate agents rather than their online competitors, study shows.
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The busiest January on record for Rightmove resulted in a 7% increase in the volume of prospective buyers contacting estate agents, while those enquiring about a property to rent was up by 14%.
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Three quarters of brokers think the stamp duty holiday should be extended beyond next month.
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The Dispute Service is working in partnership with Complylex, the online compliance-based platform for estate and letting agents.
A spokesperson for Savills told EYE: “We don’t comment on matters that are subject to legal process.”
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