The eagerly anticipated budget has revealed two important proposals, aimed at boosting the already very active housing market 3rd March 2021

The eagerly anticipated budget has revealed two important proposals, aimed at boosting the already very active housing market

 

  • The nil rate of stamp duty on the first £500,000 will be extended until the end of June, with a tapering of the holiday on the first £250,000 until the end of September.
  • The Government are proposing a 'mortgage guarantee scheme' to first time buyers and home movers, where certain lenders will offer a mortgage to buyers with a 5% deposit, with a guarantee provided by Government to enable this to happen. We believe this will be available on purchases up to the value of £600,000 and will commence in April.

The market has been particularly buoyant in recent months, and the above news is unlikely to dampen demand. 

 

If you are considering selling your home, why not choose an independent, locally owned business, with a 50 year track record of providing excellent customer service. Why not also choose the agent that has had more success in the past 12 months (and beyond - See our last 12 months statistics below), and one that is RICS Registered.

 

Click Here to arrange a free, no obligation market appraisal of your property

 

All the signs suggest that the usual Spring time surge is heading towards us. In the last 7 days alone, we have agreed sales on 25 properties.

 

Or contact us to discuss your options on 01246 270123

The eagerly anticipated budget has revealed two important proposals, aimed at boosting the already very active housing market