NEW buyers are unlikely to beat the stamp duty holiday deadline as the average time to complete a purchase is now over four months, warns property search site Rightmove.

With just 54 days until the March 31 deadline, it is unlikely anyone who hasn’t had an offer accepted already will be able to avoid paying stamp duty tax. 

House sales are currently taking on average 126 days to complete, that’s more than four months, according to the latest statistics from Rightmove. 

Tim Bannister, director of property data at Rightmove said:

“There are still a huge number of sales agreed in 2020 that are stuck in the processing logjam and awaiting legal completion, with many hoping to beat the impending tax deadline."

Don’t let the end of the stamp duty holiday deter you from moving house or getting on the property ladder - ensure you factor in the additional cost when finding your dream home. 

Potential buyers across the country are still looking for their next home, with the majority looking for properties under £500,000. 

Tom Parker, Consumer Spokesperson at Zoopla said: “The majority of home hunters across the UK are looking for properties that cost £500,000 or less, with well over half of home hunters in January looking for listings within this price range."

Using a stamp duty tax calculator it is easy to find out how much extra you’ll have to pay, we’ve used one from London and Country Mortgages. 

Here’s how much extra you’ll have to pay on these homes under £500,000 in Bucks: 

Bassetsbury Lane, High Wycombe HP11


Bucks Free Press:

This stunning four-bedroom home in High Wycombe is currently on the market for £500,000. 

If you are not a first time buyer and this wouldn't be a second home or rental property then you would have to pay an additional £15,000 in stamp duty tax.

Built just three-years-ago this property is located in an idyllic position on the River Wye. 

The semi-detached home has an open-plan kitchen and family room as well as a living room with a balcony. 

There are three-double bedrooms, the master has an en-suite. Additionally there is parking for two vehicles. 

Find out more on Zoopla.

Cores End Road, Bourne End SL8


Bucks Free Press:

This three-bedroom terrace home in Bourne End is currently for sale at £400,000. 

The quaint family home has driveway parking and a private rear garden with views over open countryside.

It has two double bedrooms and a futher single room, which is ideal for a study. The property also has a kitchen, living room and refitted bathroom.

The total stamp duty for this property is £10,000 which is payable within two weeks of the sale. 

If you're interested in this property visit Zoopla.

Boundary Road, Loudwater, HP10


Bucks Free Press:

The guide price for this two-bedroom home in Loudwater is £300,000 which means the buyer would pay an additional £5,000 in stamp duty. 

A characterful home, the property is in an immaculate condition with gorgeous wooden flooring throughout and a stunning new fitted kitchen.

Offered with no onward chain the property has driveway parking an is in easy access to the M40. 

Find out more on Zoopla. 

High Wycombe, HP12


Bucks Free Press:

On the market with Chancellors this two-bedroom maisonette is up for £200,000. New buyers would need to pay an extra £1,500 in stamp duty tax.

The property itself has two good-sized bedrooms, kitchen and separate lounge plus a family bathroom. 

The top floor apartment has 999 years on the lease and also benefits from being offered to the market with no onward chain. 

For more information visit Zoopla.

Geralds Road, High Wycombe HP13


Bucks Free Press:

In prime position close to the town centre, the buyers of this one-bedroom flat on the market for £170,000 would need to pay an extra £900 in stamp duty tax.

The property itself has a very good-sized bedroom, fitted kitchen and separate lounge plus a bathroom. 

This first floor apartment also benefits from allocated parking and sits on a quiet residential road.

For more information visit Zoopla.