Stamp Duty Holiday Break

HOW IT CAN HELP YOU?

Fantastic news for those looking to buy a property in the coming months as it was revealed last week that Stamp Duty is to be scraped, with immediate effect, for any properties bought, up to the value of £500,000.

The Stamp duty ‘holiday break’ was revealed in the summer budget announcement by Chancellor Rishi Sunak and has received wide spread praise.

It is believed that 90% of those looking to move currently will save substantial amounts due to the scraping and will have an immediate and positive effect on the housing market, considering the perils it has recently received thanks to Covid- 19.

Whilst Stamp Duty hasn’t completely been scraped, the nexttime buyers could now save as much as £15,000!

The Stamp Duty Holiday Break is effective immediately until March 2021 and available for all house purchases up to the property value of £500,000.