The Land Registry with has been flooded with complaints as property buyers face losing thousands of pounds in stamp duty savings and seeing purchases collapse due to delays at the Government's record office. More than 1,000 complaints about the organisation were made in June alone this year - a 208% increase compared with June 2020 and a 253% rise compared with June 2019. Buyers who completed before June 30 could save a maximum of £15,000 in tax. Those buying between July and September could save up to £2,500. Tax bands returned to normal from October 1st. William Marriott of Charles Russell Speechlys, said: "It’s probable that if a title had not been registered, or if there were outstanding queries with Land Registry, that some transactions would have failed to complete before the deadline." |
The Daily Telegraph (06/10/2021) |