Stamp duty holiday extension petition

says it wont accept any more signatures because the Stamp Duty holiday was always meant to be temporary .

My DD and her partner put their first time buyers property on the market in December 2019. Not long after Covid arrived and property transactions ground to a halt. They received an offer in July. In October the person at the top of the chain of 6 pulled out immediately prior to exchange but not long after someone else filled the gap. They have still not exchanged contracts as some paperwork is still outstanding from someone else in the chain and councils are moving at a snail’s pace. DD is having a 2nd baby in April and is very stressed by all this. I just hope it happens before March.

paddyanne You are mistaken - it is possible to still sign the petition - I just have

Signed ?

Signed ?

Done

Signed

Signed thank you.
If the flippin estate agents would be more proactive and efficient, that would help too.

Signed. My new build isn't ready till April/May and the developer wants me to complete by the end of March. My solicitor says No! because I guess there's a tiny risk the developer could go bust. I'm listening to the solicitor but that means coughing up £3K plus which I'd rather spend on necessary new furniture.

I think they should extend it for people who are already in an ongoing transaction, which is only going to miss the deadline because of solicitor activity outstanding.

I'm sorry but government have responded to this petition on 10 December, with no.

still wont let me sign .maybe a problem with postcode or computer ?

I’ve signed the petition easily. At the very least, it should apply to movers who will have already incurred costs eg solicitors, searches etc.

Thanks to all signers - yes that is what I think glammagran - those who only miss the deadline because searches etc are grinding so slowly.

My guess is that there won't be an announcement about it until the budget in March.

Signed

Thank you to those who signed the petition - sufficient signatures were obtained to result in forcing a debate. There is a suggestion that it might be extended for a month to help those who are mid-transaction.

That's great news, let's keep our fingers crossed. I am still waiting for confirmation of my completion date, but unfortunately have had confirmation I'll have to pay an extra month's rent.

signed

What a palaver it all is Shandy57 - I hope you get in before the deadline.

I’m happy to say after 3 consecutive Fridays when exchange of contracts didn’t happen for many reasons, DD3 and family finally moved into their new home last Friday on completion. There were 11 movers in the chain. I will never know how it all held together.

Yesterday evening I listened to the online debate on the subject of the stamp duty holiday that was sparked by the petition. Jesse Norman answered on behalf of the treasury but frankly said nothing.

Many people were arguing that the stamp duty holiday should be maintained for those who are mid-transaction and are not buying a second home. That would seem fair to me.