A message from Gemma Bath, Head of Residential Property:
Chancellor Rishi Sunak's housing announcements in yesterday's Budget will be welcome news to many:
A 3 month extension on Stamp Duty holiday
The Government has extended the Stamp Duty holiday until the end of June. This means that buyers completing a purchase on a home worth up to £500k before the end of June will now not pay the tax, with a reduced Stamp Duty discount available until the end of September.
95% mortgage guarantee scheme for first time buyers
To help first time buyers onto the property ladder, the Government announced that it will be guaranteeing mortgages for buyers with a deposit of just 5%. Some of the UK’s largest lenders will be offering the mortgages from April.
Girlings' Conveyancing team is here to help and if you have any further questions, or need advice on a sale or purchase, please do not hesitate to contact us.