What a week!

We started to hear whispers that the government were going to extend the stamp duty holiday about a week ago.  This was later confirmed in the budget as follows:  

  • Current stamp duty holiday extended until the end of June (nil rate band £500,000)
  • And then the benefit halves between July and September (nil rate band £250,000)
  • Pre covid stamp duty rates will be reintroduced 1st October 2021
  • There will be a mortgage guarantee scheme which will be introduced on 1st April. (Awaiting details) 

Stamp duty holidays provide a good stimulant to the market.  If you compare January and February 2020 to the same period in 2021, Armitstead Barnett have agreed 2.5 times more sales than last year – a phenomenal result and achieving strong property prices.  Demand is outstripping supply – the stamp duty holiday should activate those who were thinking of selling to start to get some advice. 

It is a good time to come to market, we would be pleased to assist anybody considering selling at this time.  We have various marketing options that we can discuss with you, ranging from full and open marketing to more private listings. 

Authored by

Hannah Towers

North Lancashire

07912 513478

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