Big news coming from the government.
Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to keep the property market firing, this is to enable the catch up from the significant delays from conveyances, due to the current restrictions.
In July last year the government exempted most buyers from the levy if they completed their purchase before March 31, 2021. The holiday enables people to save up to £15,000 in tax. The chancellor has faced pressure to extend the deadline amid concerns that it would create a “cliff-edge”, jeopardising hundreds of thousands of sales.