When the end of the first lockdown came, the housing market – which had been unable to operate – exploded due to pent up demand. People took the opportunity to house hunt and to move, and this frenetic activity has continued ever since.
Even now (during our third lockdown) the market remains buoyant because, unlike the first lockdown, it can continue to operate. This activity is in part fuelled by the Chancellor’s decision to introduce a holiday on Stamp Duty Land Tax, with buyers scrambling to complete their purchases before March 31, the current end date for holiday. Although there are demands in the marketplace for the holiday to be extended, there is no indication from the Chancellor that this will happen.
The volume of movement has even meant many conveyancing firms are turning away business. We are pleased to say that this is not the case with the Swindon conveyancing team here at Optimum. We continue to take instructions, and are using our specialist knowledge and expertise to drive forward the buying and selling process for our clients.
This urgency can lead to a temptation to cut corners, but this way disaster lies. Buying a house is probably the most expensive purchase you will ever make, so it is important to understand everything it entails. It is vital that the process is adhered to, to ensure all the legal stages are carried out. Again, this is where legal expertise is so essential.
To make things a little simpler, why not check out Optimum’s quick guide to the house-buying process.
If you are house-hunting in Swindon and would like to speak to expert conveyancers to help with the legal process, please get in touch with the Optimum Professional Services team. Email Karen Gleed.