The temporary tax cut ends at the end of March and there is expected to be a rush “to the finish line” as buyers try to complete their mortgage in time to pocket the saving, the lender said.
As a result, Skipton is going to prioritise completions, which means that new business cases may take longer than usual.
Advisers have been ask to use the eMortgage system for case updates, as phone lines and web chat are going to be “really busy” at this critical time.
The lender is accepting local search indemnity insurance.
Skipton thanked brokers in advance for their support.
A number of lenders have been warning brokers since November over the time needed to complete mortgages in time for the stamp duty deadline.
High levels of purchase activity have led to delays in the mortgage process, particularly among legal work and local searches.
Some lenders have relaxed their rules around accepting local authority indemnity insurance, as a result.