More than 16,000 buyers could miss out on stamp duty savings because Covid has forced developers to slow down their building projects.
Customers are on the brink of losing savings worth up to £15,000 due to coronavirus delays which are often as long as two months, according to the National Federation of Builders trade body (NFB). Estate agents have warned of some projects running 10 months behind schedule.
Some 8,000 new-build house sales complete each month, according to the NFB - so an average two-month hopd-up means more than 16,000 buyers could miss the stamp duty holiday cut-off date on March 31.
Rico Wojtulewicz of the NFB said working through the pandemic Covid-19 has affected the ability for many to complete on time and take advantage of the tax saving.
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Tony Kay has joined Construction Alliance North East s board. THE Construction Alliance North East (CAN) has continued its expansion. Tony Kay, the president of the Northern Counties Builders Federation (NCBF), has become the latest addition to the board as the regional alliance targets procurement opportunities for North-East contractors in 2021. Mr Kay brings a wealth of experience. As commercial director at Classic Masonry and Bespoke Concrete Products, he has more than 35 years of experience in the industry. Starting out as a quantity surveyor, he has also worked with English Heritage, William Anelay Ltd and Northumbria University. Mr Kay said: “CAN has a crucial role to play in championing regional companies.
Sarah Townsend
The Greater Manchester Local Enterprise Partnership and the city’s Growth Company have pledged to provide support and advice to local businesses as the UK announced its Brexit deal with the European Union today.
The UK and EU were last night finalising a historic post-Brexit deal intended to reduce the risk of Britain exiting the European single market on January 1 with no back-up arrangements in place.
The agreement was signed and announced this morning, with Prime Minister Boris Johnson claiming a “victory” over the EU.
A joint statement from Greater Manchester LEP co-chairs Lou Cordwell and Mo Isap, alongside Cllr Elise Wilson, the Greater Manchester Combined Authority’s portfolio lead for economy and business, and Mark Hughes, chief executive of the Growth Company, issued shortly before the deal was announced, said: “This has been an unprecedented year and we have all faced challenges like never before during the Covid-19 pandemic.