Panel – update ahead of Stamp Duty changes
With the expected increase in residential house purchases, due to the Stamp Duty Land Tax changes effective from 1 April 2025, we would like to take this opportunity to remind firms of steps that may be of assistance in ensuring smooth completion.
- Check point 1) Are all conditions within the mortgage offer satisfied.
- Check point 2) All documentation, requested by the lender, is fully completed.
- Check point 3) Completed Certificate of Titles are submitted in adherence to the lenders time scales/no of working days prior to the requested completion date.
Where you have any queries, please raise your query initially within LMS Secure Link.
Where you are unable to find the information you require, please refer to the relevant lender’s instructions through Secure Link, UK Finance Handbook or The BSA Handbook where appropriate.