The government will add £142 million stamp duty from 74,000 real estate sales that miss the April 1 deadline, says Colleen Babcock, Head of Partner Marketing at RightMove.
That figure includes 25,000 first-time buyers who will therefore have to pay an additional £34 million.
The average UK homemover will also face an additional £2,500 stamp duty fee from April 1st. However, first-time buyers for homes priced below £300,000 will not pay stamp duty, while first-time buyers at prices between £500,001 and £625,000 are the most affected group of all, and added faces an additional group of 11,250 pounds. cost. 
Logjam's communication
As home movers are eager to avoid unnecessary extra costs, the portal predicts that they will communicate Logjam as a fast approach on March 31, and those going through the completion process will make their purchases on line You try to get it.
RightMove is seeking a short extension of the Stamp Duty Deadline. This is to ride the real estate ladder to help homemakers who miss out on their own fault, especially the 25,000 first-time buyers who have already grown.
Commenting, Colleen Babcock said: “We expect the rush to be completed near March 31 as first-time buyers and homemovers try to avoid paying taxes.
“Our numbers show that there are relatively small but disproportionately affected groups of first-time buyers caught up in changing thresholds, and some differences in how the system works today. It emphasizes.
I think it makes sense to grant a short extension to the deadline. ”
“It only makes sense to help these movers, with 74,000 people set to miss the deadline, some of which allow short extensions to the deadline due to the very long completion times in the UK, and helping these movers. I think there will be. When it's completed in the second half of April.”
Disappointed buyer
“We're looking forward to seeing you in the future,” said Nathan Emerson, CEO of PropertyMark. Experienced delays were not under the control of buyers due to the issues presented in the real estate chain.
“I know that people who have decided to buy a house and step into the real estate ladder in the future will lead this to costs. However, for some, this is not possible or easy. It cannot be achieved.
“The extra costs could be a blow and could bring back the ability for people to make their desire to own property a reality.
“We may need financial support to take this into consideration and keep the real estate chain moving into future fluent.”
