A new online petition which was started at the end of October last year has now reached over 100,000 signatures and will force parliament to debate a six-month extension to stamp duty holiday.
The tax break, which is set to end on 31 March 2021, was introduced in July to help restart the housing market after it ground to a halt during the first lockdown in spring.
It means that the first £500,000 of any property purchase is exempt from stamp duty, which can save buyers up to £15,000.
However, so far, MPs have not moved from their official stance on the matter and confirmed last month that the government “does not plan” to extend the temporary relief offered to property buyers via the stamp duty holiday.
Find out more here: https://www.thisismoney.co.uk/money/mortgageshome/article-9159615/Hope-home-buyers-Petition-forces-parliament-debate-six-month-extension-stamp-duty-holiday.html