11:19 AM, 3rd December 2020, About 6 months ago 4
A petition to extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021 has now reached the 10,000 signature threshold where the government must officially respond. This response is expected in the next 3 days.
The Chancellor Rishi Sunak has been under pressures from all sides of the Housing Market to extend the holiday and avoid a cliff-edge that is pinching completions into a compressed deadline with an estimated 325,000 existing agreed purchases that may not happen before this date.
Jonathan Steel who created the petition wrote:
“Extending the Stamp Duty Holiday for an additional 6 months will assist many buyers who are looking to move to a property that they will not be able to afford otherwise. This will help to stabilise the housing market.
“I am looking to move into a new build which is currently due to complete at the start of March 2021. If this build is delayed past 31st March 2021 then I will not be able to afford the stamp duty so will not be able to afford the house.”
At 100,000 signatures this must then be considered for debate in Parliament.
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