HMRC recently confirmed that March saw stamp duty receipts total almost £1.2bn in spite of the stamp duty holiday. With activity at fever pitch, how can mortgage tech be used so you can help clients reach completion before the all-important deadline in June?
It is fantastic to see the Government’s stamp duty holiday encourage so many people to push on with their homeownership plans, with HMRC’s latest data confirming that March saw the fifth biggest monthly total for stamp duty receipts since the tax was introduced in 2003. While many others are still keen to benefit from the tax break, there are only 10 weeks to go until the £500,000 nil rate band ends at the end of June, so how can tech help advisers and homebuyers to take advantage of the enticing offer?
Smartr365 works with cloud-based providers Mortgage Brain and Twenty7Tec to ensure users have access to a wide range of sourcing options from around the world. This, alongside Smartr365’s task automation and integrated affordability tools, provides a welcome boost to efficiency. Smartr365 is also proud to offer one-click DIPs through Halifax and Barclays, an online FactFind and digital ID verification, leaving you with more time to tackle the rise in demand.
Our technology is designed to assist rather than replace brokers and we look forward to introducing various integrations and developments over the coming months which will make it easier for you to support your clients’ homeownership ambitions.
Time is ticking. Brokers must have the most efficient and powerful tech if they are to help as many clients reach completion as possible.