26 Aug Buying your next home and the Stamp Duty Holiday
Until 31 March 2021, buyers in England and Northern Ireland will only pay stamp duty on properties costing more than £500,000. That means that now is a fantastic time to buy and you could save thousands of pounds on your next move.
How can first-time buyers benefit from the stamp duty holiday?
You could save up to £15,000 until March 2021.
Until 31 March 2021, first-time buyers in England and Northern Ireland will only pay stamp duty on properties costing more than £500,000.
The previous threshold was £300,000, which meant that the majority of first-time buyers were already exempt from the tax, as average prices paid for a first home in England currently stands around £208,000.
Here are the savings first-time buyers could make…
How can second steppers benefit from the stamp duty holiday?
The stamp duty holiday offers substantial savings for existing homeowners too, if you are considering moving to a more expensive property right now.
Pre-holiday, stamp duty applied at £125,000 in England and Northern Ireland. Now, until the 31 March 2021, it will only apply at £500,000.
Here are the savings second steppers could make…
If you’re thinking of taking advantage of the Government’s Stamp Duty Holiday scheme, now is the time to start property hunting! To ensure your purchase is complete before the Stamp Duty Holiday ends, buyers should have their offer agreed no later than Christmas to allow a further three months for completion of the legal process to beat the deadline.
Start your property search now > View our properties for sale here.