Stamp duty holiday 'effectively over' as experts warn mortgage deposits have increased

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The increases are greater on a local level with Carmarthenshire seeing a 25 percent increase in the cost of a mortgage deposit.

Manchester, Oadby and Wigston, East Renfrewshire and Rutland have also seen some of the largest increases at 22 percent

CEO of Keller Williams UK, Ben Taylor, said the stamp duty holiday now “effectively over” apart from those getting to the final stages of their property transaction.

He said: “The stamp duty holiday is now effectively over for all but those in the final stages of a transaction due to the long market delays that have accumulated at the back end of the process.

“Much like a night out when you have work the next day, it certainly seemed like a good idea at the time, but current homebuyers will be wondering if it was really worth it given that they now face a considerably larger financial hurdle to homeownership.

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