Homebuyers ‘better hurry’ or risk missing stamp duty deadline – under 10 weeks to complete

The finance expert continued: “With the average home purchase taking 77 days to complete, many will be cutting it fine.

“However, if you’re chain free and have only just started looking, you should still have enough time if you act now.

“Our research shows that the situation for first time buyers is slowly improving: there are significantly more 95 percent LTV deals on the market than in January and, following the start of the Government’s new 95 percent mortgage guarantee scheme on Monday, the availability of mortgages for buyers with a five percent deposit looks set to increase.

“While we welcome the Government’s moves, there remains a long way to go if we’re going to see a reduction in the challenges that exist for first time buyers.

Source: | This article originally belongs to Express.co.uk

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