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HomeNewsLoans Should I use a bridging loan to get stamp duty saving? Published: 22/12/2020 Share The stamp duty holiday is set to come to an end 31 March 2021. The scheme removed stamp duty fees on properties up to £500,000 has helped to keep the housing market vibrant during the Coronavirus pandemic. However, mortgage lenders and surveyors are still catching up on the pent- up demand from when the market stopped during the Spring. The result is those wanting to buy a property now may find they cannot complete their mortgage in time to make their stamp dut...

The latest Property Tracker survey from the Building Societies Association has revealed that consumer confidence in the housing market has slipped back after a rise following the announcement of the stamp duty holiday and COVID-related demand. Job insecurity looks to be the main reason for this, with over two thirds of those surveyed saying a rise in unemployment is one of the biggest potential risks to the stability of the property market in 2021. However, despite concerns that unemployment is likely to rise, more than 9 in 10 of mortgage borrowers feel confident that they’ll be able to m...