Great news for property buyers.
Within the last few minutes the Chancellor of the Exchequer has announced that the current Stamp Duty Holiday will be extended through til 30th June 2021.
To further help the market the nil rate band will then be set at £250,000 (double the normal level) from July til September only returning to pre pandemic Stamp Duty levels on October 1st 2021.
95% MORTGAGES TO BE AVAILABLE AGAIN
The Government is going to provide a support scheme to allow leading lenders to once again offer 95% mortgages to buyers. This is fantastic news for buyers who’ve saved up a 5% deposit and want to buy now!!
If you’re thinking of a move 2021 really is the right time - please contact us for valuation and marketing advice.