The recent closure of Wolstenholmes may have left many clients with a Stamp Duty Tax liability that could have been avoided.

Manchester conveyancing solicitors Wolstenholmes has been closed down by the Solicitors Regulation Authority (SRA).

 

We have been receiving telephone calls from disgruntled Wolstenholmes clients for some time. They have been complaining that you could not get hold of their Conveyancer, or anyone else for that matter, for some time. They clearly didn't have the infrastructure set up for handling so many transactions.

The timing is unfortunate given the 31st December deadline for the Stamp Duty holiday for properties with a price of £175,000 or less has now passed. Buyers who now have to pay Stamp Duty as a result of the Wolstenholmes closure may be able to make a claim on the SRA Compensation Fund if they can prove that their property transaction could have completed if their Conveyancer had acted quicker.