Help to Buy and stamp duty deadlines are coming...are you on track?
The stamp duty holiday (land transaction tax in Wales) is due to finish on 31 March 2021 and the current Help to Buy scheme on 31 May 2021. The next couple of months will be a busy time for completions to meet this deadline. Don’t worry, LABC Warranty is here to help.
So that we can support you, please take note of the following points:
1. Completion forecasts
Discuss your forecasted completions with your Risk Management Surveyor and ensure any outstanding information shown on your technical overview is up to date. These can be found via the LABC Warranty Extranet and attached to each site inspection report.
2. Drainage testing
If drainage tests are to be carried out at the same time as the pre-handover inspection please ensure these are made ready.
3. Inspection request
Give as much notice as possible to your Risk Management Surveyor when booking a final inspection, our minimum requirement is 24 hours’ notice.
4. Make sure the plot is ready
Ensure the plot is ready at the time of inspection and will pass the UK Finance Logic Test.
- Will it be a claim?
- Will it cause a major disruption to the homeowner?
- Is it a health and safety risk to the homeowner?
Make sure all your commissioning certificates are ready and available on or before the time of inspection.
The plot should be presented in line with Standard Operational Procedures and Risk and Method Statements to ensure compliance with Covid requirements.
Why not download a copy of this checklist and pin it to your site noticeboard?
- If you have any further questions please speak to your risk management surveyor.
Please Note: Every care was taken to ensure the information in this article was correct at the time of publication. Any written guidance provided does not replace the reader’s professional judgement and any construction project should comply with the relevant Building Regulations or applicable technical standards.