Geodesys offers free of charge SDLT service as the market bounces back
As the property market resumes following the gradual lifting of lockdown measures, figures from HM Revenue and Customs have shown that property sales rose by and incredible 15.6% in August accompanied by a significant increase in house prices(1).
Although experts are predicting that the boom is not sustainable, current sales are also being boosted by the Stamp Duty holiday introduced by the Chancellor in July. This sees the stamp duty threshold increased to £500,000 until the end of March 2021. Although first time buyers were already exempt from SDLT on property purchases up to £300,000, the recent additional reduction of SDLT, has been designed to stimulate the overall market and is certainly playing a role in supporting house sales.
It’s a great time to take advantage of our SDLT offer(2)
To help support our conveyancing customers, we are currently offering our simple and efficient Stamp Duty Land Tax (SDLT) service FREE OF CHARGE until 31 March 2021. Our online SDLT solution allows you to quickly and securely submit your SDLT returns from within your case. But, perhaps more importantly, the service provides complete peace of mind as the online returns process is fully-compliant with the Law Society’s Conveyancing Quality Scheme (CQS) and Core Practice Management Standards.
Our post-completion SDLT solution offers you the following benefits:
- Meets the Law Society CQS CPMS 1.2 requirement for an audit trail and third-party review process
- Pre-populates the forms based on the information already stored in the Geodesys case file, alleviating the need for duplication when completing the AP1 form
- Information is validated before submission to HMRC. This allows you to correct any human errors which would result in rejection.
- Instant SDLT5 certification – no long turnaround times
- Has a comprehensive GDPR toolkit allowing you to search, edit, export and mark to delete your client’s personal data
- Drafts can be saved at any time – no need to complete in one go
- No training is required, and the submission can be made directly and securely from the Geodesys platform.
Johnny Davey, Conveyancing Product Manager from Geodesys commented: “We are delighted that the property market is seeing considerable growth at the moment, following the substantial pause during lockdown. Thanks to our technology-based service, we as an organisation have been able to continue with business as usual throughout and we have a full customer services team in place to support clients.
“Now that the market bouncing back so rapidly, we are delighted to offer a little something back to our dedicated customers by offering our efficient SDLT service free of charge.”
The SDLT service is just one of a number of tools Geodesys offers to provide a seamless and compliant ordering process for property searches. To find out more about our SDLT and our full range of conveyancing services, please visit www.geodesys.com or email Kay Toon, our Key Account Manager at kay.toon@geodesys.com.
Notes:
- The Times, 23 September 2020
- Free of charge SDLT offer ends 31/03/2021.