SearchFlow responds to property industry announcements from the Spring Budget

SearchFlow responds to property industry announcements from the Spring Budget

Dr Tom Quirke, managing director of SearchFlow, the UK’s largest provider of legal due diligence data for residential and commercial property transactions, explains the market implications of the Stamp Duty Land Tax holiday extension to September, announced in the Chancellor of the Exchequer’s Spring Budget:

“For the thousands of people currently hoping to benefit from the Stamp Duty holiday, this extension makes for welcome news. It gives them hopeful reassurance that they won’t lose out on a potential financial saving, on what could be up to £15,000, and gives them and their legal service providers more time to complete.

“The pressures that the industry has been facing in processing the increased transaction volumes has been tough for the industry to scale up to. It is likely that more buyers will want to take advantage of the tax savings on offer and so we envisage the exceptional levels are likely to continue for some time.

“Data from a Property Trends Report published by Landmark Information Group paints a very clear picture on what these peaks have looked like since the SDLT holiday was first announced, with property search order volumes up by almost 60% in December 2020, compared to 2019. The industry therefore has to continue digging deep, innovating and adapting, where possible, to meet the deadline.”

For more information on SearchFlow, call 0870 423 2922, email [email protected] or visit www.searchflow.co.uk.

This article was submitted to be published by SearchFlow as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

SearchFlow

http://www.searchflow.co.uk

 

 

 

 

www.searchflow.co.uk

SearchFlow is the UK’s largest provider of legal due diligence data for residential and commercial property transactions. Since its formation, it has supported over 5,000,000 instructions and delivered 26,000,000 searches; this equates to around 1 in every 4 property transactions in the UK.

SearchFlow recognises that proactively supporting each client’s journey is vital to delivering the right due diligence insights, searches, data, surveys and insurance for every transaction – whether a single residential property or a complex commercial portfolio. Via its advanced online ordering platform and backed-up by an award-winning customer service team, SearchFlow supports clients in delivering the conveyancing solutions needed to manage due diligence risk and achieve compliance.

By partnering with SearchFlow, property law professionals in the UK can deliver smarter, safer, and faster property transactions to their customers.

Based in Kent, SearchFlow is a Landmark Information Group business, which is part of DMGT plc.

Visit www.searchflow.co.uk for more information or follow via social media for regular updates:

Twitter: https://twitter.com/SearchFlow

LinkedIn: https://www.linkedin.com/company/searchflow/

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