News & insights
A service you can rely on ahead of stamp duty deadline
With
the deadline for the stamp duty holiday looming ever larger on the horizon,
already over stretched property professionals are coming under more pressure
than ever before.
Last
summer, the government suspended stamp duty on the first £500,000 of all
property sales in England and Northern Ireland, leading to an explosion in
demand. As a result, conveyancers are dealing with a higher-than-normal case
load. Many are experiencing extreme pressure from clients desperate not to miss
out on the tax break that ends on March 31st.
“The
overheated property market, compounded by the effects of coronavirus, has
created a potentially very expensive lottery for home buyers in respect of benefiting
from the stamp duty holiday,” says Lloyd Davies of the Conveyancers
Association.
"Our
members’ phones are ringing off the hook with clients worried about completing
their transactions.”
At
Thames Water Property Searches we are currently dealing with a particularly
high volume of searches. Although response times may take a little longer than
usual during this busy time, our clients can rest assured that they remain at
the forefront of everything we do.
Our
expert teams are working around the clock, focused on delivering the
exceptional service that is our trademark.
With
the added burden of Covid meaning many offices are experiencing higher levels
of staff sickness it may seem like the odds are stacked against conveyancers in
meeting the deadline at this late stage in the game.
Says
Randeep Thethy, a partner at Kidd Rapinet Solicitors: "My caseload has
almost tripled. I cannot really recall a time in all the years I have been in
practice when we have been faced with such pressure. I can safely say that this is the busiest I
have been in a long time.”
While
there have been mounting calls for the chancellor Rishi Sunak to extend the
stamp duty deadline, the government has categorically stated that this isn’t
possible.
Adds
Thethy: “Apart from what we are already doing – working longer hours and taking
on more staff – in my opinion, we have to start limiting the number of new
transactions we take on so as to ensure that our current clients are not let
down.”
Thankfully,
searches are one task you can tick off your to do list by handing the legwork
over to us. At Thames Water Property Searches we can be relied upon to offer an
efficient and straightforward service without compromising on accuracy, quality
and the comprehensive information included within each enquiry.
Our
technology makes ordering easy, by suggesting a flood search if a new home is
in a flood-prone area, for example.
Thethy,
whose company Kidd Rapinet are long-term clients of Thames Water Property
Searches, pays tribute to the detailed results she knows she can rely on during
this current high-pressure period for the conveyancing industry.
“It
is very easy to miss crucial details when working under pressure, and therefore
most important that we have a search provider which does not let us down,” she
says.
“The
Thames Water Property Searches team are most helpful and always available and
happy to assist. Their high standard of customer service offers peace of mind
at this tricky time. We rely on their
efficiency to deliver a high-quality service to our clients.”
At
Thames Water Property Searches our dedicated expert teams are working
exceptionally hard to deliver the service you require and deserve.
Search
through us and you know that it won't be search results that hold up the
completion of a sale when, more than ever before, an efficient and reliable
service is needed.
https://www.thameswater-propertysearches.co.uk