Time is running out for those who are planning to purchase new properties and take advantage of the Stamp Duty Land Tax (SDLT) reductions applicable until the end of March 2021. If you’re thinking of purchasing a new property, don’t fall into the trap of thinking time is on your side. Remember, property transactions can take longer than expected, particularly if there is a chain with surveys and finance to be arranged. Also, given the current climate, there could be other delays due to social distancing and other restrictions, such as staggered working times, which may impact the overall timeline.
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