Lloyds Banking Group said its expects a surge in home purchase completions before the new Stamp Duty Land Tax rules begin on 1st April.
The group expects March completions to be 50% higher than usual.
To assist buyers, Lloyds has requested certificates of title from conveyancers by 25th March 2025, promising to guarantee completions if submitted by this date.
Amanda Bryden, head of Halifax Intermediaries and Scottish Widows Bank at Lloyds Banking Group, said: “With the new thresholds for Stamp Duty coming in just days, we are expecting a rush of customers trying to complete their purchase and avoid the extra cost.
“We’ve been working with mortgage brokers and solicitors to get ready for this, and we have seen evidence of many completing purchases early.
“We’ll do everything we can to get completions turned around before the Stamp Duty deadline if they come to us after 25th March, but there’s no guarantee.”
Bryden added: “That’s why we are reminding conveyancers to get Certificates of Title to us no later than the 25th March, and sooner if they can, to be sure to beat the deadline.”
