Rishi Sunak’s spring budget confirmed the long-awaited extension of the Stamp Duty holiday. Solicitors and conveyancers have been under huge pressure with a perfect storm of issues slowing the legal side of buying and selling a property. From slow moving mortgage lenders to delays in local authority searches hitting the stamp duty holiday milestone became increasingly difficult as the typical length of time to complete a transaction increased in recent months.
The third national lockdown was announced by Prime Minister Boris Johnson and started on Tuesday 5th January. Whilst many businesses have been forced to close Estate Agents can remain open and people are still permitted to move home, unlike the first lockdown where home viewings were not permitted. It is not just people mid-move that are able to do so, new viewings can take place and the property market remains open for business.