The government have announced a temporary reduction in stamp duty for properties up to £500,000. You will not pay stamp duty, which could save you thousands of pounds!
If you’re thinking of purchasing, or if you were wondering whether you were going to move in the next six months, do it now! This is going to end on the 31st of March 2021. therefore you do need to make sure that you take advantage if you are thinking of moving within the next year. Speak to Estate Agents, look online and start to get the ball rolling on your new property purchase.
You could still save yourself a lot of money, even if you are looking at properties over £500,000. If you’re a buy-to-let landlord, or you’re thinking of buying an additional property, you will still pay the additional 3%, but you’ll save money on that first initial stamp duty.
This is an amazing, positive move by the government, so make sure that you’re thinking ahead.
If you want us to look at figures for you, please get in touch, we’d love to help. We know how crucial it is to be quick to get you that Decision in Principle. Complete the contact form on our website and we can set you up in our client lounge where we can exchange documents and make the entire process so much smoother and quicker for you.
If you have any questions please email me at firstname.lastname@example.org.