Martin Lewis issues urgent warning to anyone who is buying a house amid potential stamp duty cut
Martin Lewis was back at the helm of Good Morning Britain today (September 21) to offer his expert advice amid the cost of living crisis. The Money Saving Expert founder was set to appear alongside Susanna Reid on the ITV news programme every Monday throughout September to to host ‘Martin’s Money Mondays’.
The special segment aims to provide viewers with up-to-date knowledge on the crisis each week whilst holding politicians to account. However after ITV changed its TV schedule following the Queen's death on September 8, the money-saving guru appeared on the show last Wednesday and today.
On today's show, Martin addressed the potential stamp duty cut as part of Prime Minister Liz Truss' attempt to help more young people get onto the property ladder.
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It is rumoured that the government is expected to announce a cut in the stamp duty tax that homeowners have to pay as part of the 'mini budget' that will be unveiled by chancellor Kwasi Kwarteng on Friday, September 23.
Reacting to the news, Martin issued an urgent message for anyone that is currently in the midst of buying a house ahead of Friday's pending announcement.
The host advised Good Morning Britain viewers: “You could say 'any chance we could hold it off until next Monday', just in case, if you were due to pay stamp duty.
"Exchanges is not part of this, it’s the effective transaction date, but they can be earlier than completion if it was a substantial transaction i.e 90 per cent of it was completed, but it wasn’t fully completed."
Susanna Reid then added: "I think a lot of people involved in selling might be quite nervous."
Martin then added: "Speak to
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