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Speedy search - times praised

There is good news for prospective house buyers in Shropshire, according to estate agent, Tim Main, head of sales at Balfours.

Tim Main says Shropshire Council is to be congratulated on the turnaround time of residential searches, which are currently running at four to five working days. He explains: “This is good news for all house buyers, but most especially for those purchasing a second home or buy to let.

“After April 1 house buyers will be expected to pay an additional three per cent stamp duty on second homes. For a property selling at £250,000 this will equate to an extra £7,500.”

He says property buyers with their finances sorted and ready to go should still be able to agree purchases until the middle of the month and still complete before the deadline. “My advice is to keep the pressure on all aspects of the conveyance to ensure the three per cent additional stamp duty is avoided,” adds Tim.

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