We are working in unprecedented circumstances arising both from Covid-19 and also the stamp duty incentive. We kindly ask that you bear with us during this time as there will be delays due to factors outside of our control.  Turnaround times for surveys, mortgages, and searches have slowed considerably and this affects the timescale of a transaction.

We will endeavour to progress your transaction as efficiently as possible, but would politely request that you keep telephone calls to a minimum to allow us to carry out the required work on your transaction.

Email is currently the best form of contact as we are working from home in the main in accordance with government guidance.  Please do allow us time to respond, and please be aware it may not always be a same day response. 

Due to the fact that all property transactions are often reliant on a number of different parties and need many different events to fall into place within a certain timeframe, it is simply not possible for us to be able to guarantee that completion will occur by a certain, preferred date. 

At present (largely due to the Pandemic), property transactions are taking much longer than usual. Delays are caused by many factors; busy lenders, mortgage offers being received, valuations and surveys, local authorities, the high demand and pressures faced by all conveyancers, sudden changes in client circumstances, backlogs at the Land and Probate Registries, and delays in the divorce courts, etc.

From 1st July to 30^th September 2021 , home buyers only start to pay Stamp Duty on the amount that they pay for the property above £250,000, therefore from 1^st October 2021 rates return to normal, which means the threshold for stamp duty will be £125,000 unless the current regime is extended by the Government.

This means that if your purchase does not complete on or before 30^th June 2021, you will have to revert to and pay Stamp duty under the conditions above. 

If you are a seller, and your buyer experiences any additional Stamp duty costs then this is a matter for your buyer only and we will not be held liable for any increased sums that may have to be paid out by the buyer.

The important factor for us is to ensure that you are fully informed of the risks and are still happy to proceed in full knowledge that completion by 30^th June 2021 (and the financial benefit this may provide) is not a guarantee.  Should you have any concerns or queries, please let us know.

By continuing your instruction with us, you acknowledge that Taylors  Legal make no guarantees that your matter will be completed by 30^th June 2021. In such circumstances, Taylors Legal shall not be held responsible for any additional Stamp Duty or expenses that may become payable, or such other financial implications that may arise if your transaction does not complete by 30^th June 2021.

We strongly suggest that you visit https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro to calculate any Stamp Duty payable should your matter complete after 30^th June 2021.