On Wednesday 30th June, the Stamp Duty Land Tax holiday will start to phase out, with the threshold of £500,000 coming to an end. Buyers Rushing to Complete Transactions The Stamp Duty holiday has been saving people up to £15,000 on their housing purchases. The usual threshold is £125,000 but during the holiday, buyers have…
The first three months of this year has seen a new record number of mortgage loans given to a certain group of people; home movers. Non-Stop Mortgage Loans Market Catalysed by Home Movers The market has seen somewhat of a U-turn in the past year, with the first lockdown causing a crash in the property…Continue reading
Good news in today’s budget for those looking to move house. Rishi Sunak announces extension to Stamp Duty Holiday & 95% Mortgage GuaranteesContinue reading
The 31 March 2021 sees the end of the Stamp Duty Land Tax (SDLT) holiday. The Government initiative provides up to a £15,000 saving when buying a new house.Continue reading
Monday marked the day of the 2018 Autumn Budget, in which chancellor Philip Hammond delivered a 72-minute speech covering stamp duty, welfare & pensions, Brexit and many other areas concerning the nation. In terms of stamp duty, this Budget brings rather good news for first-time buyers! Mr Hammond announced that the 0% stamp duty relief…
Local OAPs and Baby Boomers are facing housing trouble and discomfort, finding themselves in an increasingly difficult situation. The current OAPs are sitting on £8.82bn worth of residential property. But while the elderly people of Sheffield are looking to downsize, the younger generation are seeking for property to move into. There are 28,452 households in…Continue reading
There is some good news for first-time home buyers, as Stamp Duty is lowered in the Autumn Budget. This will apply to England and Northern Ireland. Wales will also benefit from this announcement but only until April 2018 when the Welsh Government’s new Land Transaction Tax is to be introduced. Stamp Duty is an amount…Continue reading