Closed petition Waive stamp duty for second homes where buyers can't sell due to cladding crisis
Hundreds of thousands of leaseholders can't sell their flats due to the cladding crisis. Some are so desperate to move they will take out additional mortgages and loans. Those that are forced to reluctantly become 2nd property owners should not have to pay SDLT on top of their remedial expenses.
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Following the tragedy at Grenfell and the implementation of new lenders' rules about EWS1 forms, many leaseholders are living in flats which are unsellable and potentially unsafe through no fault of their own. Many are so desperate to move due to expanding families, job moves etc. that they are financing it by incurring substantial additional debt. They should not have to pay SDLT on top of the already substantial outgoings they are going to incur for the remediation works on their leasehold property.
This petition is closed All petitions run for 6 months