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SDLT Warning

All property transactions are reliant on a number of different parties and require many different matters to fall into place to achieve an exchange and completion. Therefore it is simply not possible for us to be able to guarantee completion will by the 30th September 2021.

At present, due to the increased pressure on the property market, property transactions are taking much longer than usual. The current national average transaction time has now increased to 18 20 weeks from the date of contracts being issued and received. This is subject to change due to the ongoing changeable Government guidelines including external and other factors beyond our control. Whilst we will endeavour to complete your transaction as quickly as possible, we are unable to guarantee the time your transaction will take.

This means that if your purchase does not complete on or before 30th September 2021, you will have to revert to and pay SDLT under the rules that were in place prior to 8th July 2020.

If you are a seller, and your buyer experiences any additional SDLT costs then this is a matter for your buyer only and we will not be held liable for any increased sums that may have to be paid out by the buyer.

We are advising all our clients and potential clients to be aware of this issue and to be realistic. Plan for the worst by making sure that you have funds available to pay any additional SDLT that may become payable. The important factor for us is to ensure that you are fully informed of the risks and are still l happy to proceed in full knowledge that completion by 30th September 2021 (and the financial benefit this may provide) is not a guarantee.

By continuing your instruction with us, you acknowledge that Clarity Legal Services make no guarantees that your matter will be completed by 30th September 2021. In that event, Clarity Legal Services shall not be held responsible for any additional SDLT or expenses
that may become payable, or such other financial implications that may arise if your transaction does not complete by 30th September 2021.

We strongly suggest that you visit https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro to calculate any SDLT payable should your matter complete after 30th September 2021.

© 2019 Clarity Legal Services Limited. All Rights Reserved. Clarity is the trading name of Clarity Legal Services Limited which is authorised and regulated by the Council of Licensed Conveyancers (CLC) under licence number: 11544. The Authority rules can be accessed at www.clc-uk.org. Clarity Legal Services Limited Company is registered in England and Wales under number: 11428837. Registered office at: 15 Castilian Street, Northampton NN1 1JS. VAT number: 301 4102 81.