Mortgage completions soared by 50% in March in bid to beat stamp duty deadline

Mortgage alert: Homebuyers rush to purchase property as stamp duty relief slashed amid 'rising bills'

Homebuyers rushed to complete property purchases last month ahead of a dramatic reduction to stamp duty relief, making more people liable for the tax.The latest data has found that mortgage completions rose by 50 per cent in March, representing the highest increase in more than three years.Notably, the hike in the number of mortgage completions was higher for first-time homebuyers, being up 70 compared to the month before, based on Barclays lend…

US New Home Sales Surged In March As Mortgage Rates Tumbled, But...

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Mortgage completions soared by 50% in March in bid to beat stamp duty deadline

Mortgage completions surged by 50 per cent in March, compared to the numbers in February, as buyers looked to avoid paying a higher stamp duty tax, new data shows.This number was higher for first time buyers at 70 per cent. It was the highest volume of completions recorded since September 2021, according to data from Barclays Property Insights.Until the end of March, the threshold for first-time buyers to pay stamp duty tax on homes was £425,000…

HECM Tool adds Smartfi's Choice Fixed Proprietary Product, Helping Forward Mortgage Brokers Step into Reverse with Confidence

GIG HARBOR, Wash., April 22, 2025 /PRNewswire/ -- HECM Tool, the leading reverse mortgage sales and conversion software, announced the integration of Smartfi Home Loans' Choice Fixed proprietary reverse mortgage product into its platform.

Stamp duty change sparked surge in UK property sales

With new stamp duty thresholds and rates now in force, the latest figures have revealed an exceptionally busy March as buyers rushed to complete. The UK property market had a few months to prepare for the 1st April stamp duty deadlines which many argue has spurred the market on, with a final push during March now being revealed after lenders saw the highest levels of activity since September 2021. Barclays bank says mortgage completions surged b…

70% of gig workers say employment status blocked mortgage approval

70% of gig economy workers said their job status stopped them getting a mortgage, research from The Mortgage Lender (TML) has found.  Research revealed that 37% of those earning from temporary contracts planned to buy their first home, but most believed their employment situation made it harder to do so. Of those who applied for a mortgage, 63% said they had been turned down at least once.  36% said they were rejected because their profession wa…