Parliament to debate stamp duty holiday extension.
The House of Commons has confirmed there will be a debate about stamp duty after a petition on the UK government’s website for the current stamp duty holiday until September 2021 secured enough signatures for it to be considered for debate in Parliament.
The petition, called “Extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021” now has more than 110,000 signatures.
However, the chancellor Rishi Sunak is under growing pressure to extend the stamp duty holiday beyond 31 March, amid concerns that thousands of buyers could fail to complete before the deadline.
Delays are holding up homebuyers as the current lockdown places extra pressure on conveyancing solicitors, mortgage lenders and surveyors, struggling to push through purchases.