Until 31st March 2021 you won’t pay stamp duty on properties up to the value of £500,000 – instead of £125,000 meaning potential savings of thousands of pounds.
We have seen an unprecedented increase in enquiries but this also is leading to long delays at solicitors and banks. These delays mean we are finding it is taking much longer than the usual 2-3 weeks to receive mortgage offers from lenders. So, if you want to take advantage of the stamp duty holiday you really need to move fast!
This is especially the case for factoring in the Christmas break and any further COVID-19 related delays.
Time to Talk?
If you’re thinking of making the most of the stamp duty holiday, saving potentially thousands of pounds before 31st March, call our expert, Gary Oxborough on 01204 304814.
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.