With the introduction of the stamp duty holiday, the property market is booming, with sales in October up 52 per cent on last year, but property surveyors, mortgage lenders, conveyancing lawyers and local authorities are all now buckling under the sheer weight of demand.
The current stamp duty holiday runs until 31st March 2021, so any house purchase will need to complete by this date to qualify. Because of the current boom and high volumes of applications with lenders, the standard turnaround time to complete the entire process is taking between 10-12 weeks, and in some cases even longer.
We would strongly advise any client considering a new property purchase, to contact us as early as possible to start the initial process.
Using us will allow you to benefit from independent advice, plus the added peace of mind that our administration team will ensure that the application is processed with the lender as swiftly and efficiently as possible.
If you are considering a property purchase, don’t delay, contact one of our independent advisers today on 01536 512724, to discuss your plans and objectives.