< Back to blog

Stamp Duty Holiday and what it means for you Posted On 11 July 2020

On Wednesday, Rishi Sunak announced a Stamp Duty Holiday until March 2021.

As part of the government’s plans to boost the economy, especially the property market, Sunak has increased the stamp duty threshold to £500,000 for property sales in England and Northern Ireland.

This means anyone completing on a main residence under £500,000 from now until the 31st March 2021 will not pay any stamp duty, and anyone completing on a property over £500,000 will only be taxed on the amount above £500,000. A move which could save buyers as much as £15,000.

What does this mean for you as a buyer or a seller? Contact us today to find out more…

< Back to blog

Connect with us

Recent Posts

World Book Day – why it will shine on

Reading is perhaps one of best, if not the very best, commodities and widely accessible resources we have as a people, and therefore so is World Book Day   Mental health and the recognition of its facets and depth has never been as prevalent as now, so when you consider how strong the scientific research …

Read more...

Earth Day 2021: How to make your home more environmentally friendly

Join in with millions of people around the world and make your home more climate clean this Earth Day   This year celebrates the 51st anniversary of Earth Day. Originally conceived in 1970 by peace activist John McConnell as a day of education about how to look after our Earth, in 1990, Earth Day went …

Read more...

Cheers… and chairs! Garden furniture to enhance your outdoor space

Whether you’re looking for something practical or a splash of style, there’s lots of choice out there   The days are getting warmer, the nights are getting shorter and the lure of a cold beer in the garden on a balmy summer evening grows ever stronger. Unless you have a severe case of patio embarrassment …

Read more...

5% mortgage scheme launched

The government guaranteed, 5% mortgage deposit scheme has launched this week   High Street lenders are now offering mortgages with just a 5% deposit under a new government guaranteed scheme that launched yesterday. The policy, which was announced in the Budget, is designed to help more first-time buyers secure a home. The scheme is similar …

Read more...