Lexis®Library update: The Law Society suggests that solicitors must talk to their clients to avoid people losing money and being disappointed.
Given the many factors that can delay the completion process, there is no guarantee that transactions will complete before the deadline and Rightmove estimates that ‘around 100,000 buyers will miss out on the stamp duty saving’.
The Law Society president, David Greene, has urged the government to push the deadline and suggested that transitional arrangements be put in place ‘to help release the growing pressure on the conveyancing system, on buyers and sellers and on solicitors’.
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 20 January 2021 and is published with permission. Further information can be found at: www.lexisnexis.com
Source: https://www.lawsociety.org.uk/contact-or-visit-us/press-office/press-releases/realism-needed-about-prospects-of-moving-before-stamp-duty-holiday-ends
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