Making the most of SDLT rates: Lucy Barber writes for FT Adviser
Head of Residential Property, Lucy Barber's article entitled 'Making the most of SDLT rates' has been published in the FT Adviser.
In her article Lucy explains how the latest SDLT changes have increased activity in the residential property market, with many consumers eager to take advantage of the more desirable SDLT rates. However, she also highlights that due to unforeseen delays, the inundated market and the short SDLT holiday, many purchasers are at risk of not achieving completion prior to 31 March 2021.
With this in mind, Lucy advises buyers to do the following:
- Seek the assistance of mortgage brokers.
- Avoid an agreement whereby competition falls close to the March deadline.
- Ensure there is a safeguard clause within their contracts that would guarantee the seller adopts the responsibility of paying additional SDLT charges.
Read Lucy's full article: Making the most of SDLT rates.
The purchase or sale of a high value home requires expert legal advice to manage the complexities involved. Our lawyers are dedicated to sharing their knowledge to enable you to navigate the legal practicalities of buying and selling high value assets.