LendInvest is still accepting purchase applications that could complete before the 3% stamp duty surcharge comes into force on 1 April.
LendInvest is still accepting purchase applications that could complete before the 3% stamp duty surcharge comes into force on 1 April.
The lender hasn’t set a definite deadline for missing the 3% stamp duty hike but said it may not be too late.
Matt Tooth, head of distribution at LendInvest, said: “Borrowers should never let tax regime changes drive investment decisions. However, for people with property purchases in the pipeline already, our ability to review new applications for several more weeks means it may not be too late for them to avoid the stamp duty hike.
“We never applied a strict deadline for applications like many other lenders had to, because we handle each and every deal on a case-by-case basis and can apply our in-house technology to streamline and accelerate the underwriting process.
“Bridging deals always vary in length depending on the capacity of all parties appointed to work on them. Solicitors and valuers are extremely busy right now with existing cases but LendInvest will do everything we can to make sure that our borrowers complete their purchases before the window closes.”
