We’re currently mid-purchase and have been for nearly months now. Our vendors wanted to take advantage of the stamp duty holiday, found a house and their vendors have not even found a house in that time so while they are still in the chain, our vendors are looking for another property but there’s no way in hell it’s going to happen before the holiday ends.
I’m fully expecting it all to fall through once the holiday ends and our vendors realise they have to pay however many grand extra. Stressful to say the least.
My only hope is that there is a glut of properties coming on the market when numerous chains collapse but that’s not exactly a good scenario for the rest of the country! Apparently there is 100k houses currently being purchased and as many as half of them will not complete if the holiday is not extended.
I’m fully expecting it all to fall through once the holiday ends and our vendors realise they have to pay however many grand extra. Stressful to say the least.
My only hope is that there is a glut of properties coming on the market when numerous chains collapse but that’s not exactly a good scenario for the rest of the country! Apparently there is 100k houses currently being purchased and as many as half of them will not complete if the holiday is not extended.