'I need to find £15,000': buyers in postcode lottery to get deals done before stamp duty rises
Property buyers in certain areas will have to wait nearly 200 times longer than others to have local authority searches done despite the rush to complete before the stamp duty holiday ends. Such local logjams have created a postcode lottery that risks landing buyers with a tax bill of up to £15,000. Councils have backed The Telegraph's campaign for the stamp duty holiday to be extended to work through the backlog. Buyers have also been forced to buy indemnity insurance in case councils cannot complete the work in time. Such polices can be used to appease banks who otherwise refuse to le...
Source: telegraph.co.uk