- by Admin
- in News & Legislation
With the property market thriving over recent weeks after its imposed break over lockdown, Urban Village founder Suzanne Vincent shares her thoughts on the stamp duty holiday announcement:
"It's a great thing! We're seeing a massive surge in demand for properties between £350k- £500k, which means that first time buyers can make that move now to get themselves on the ladder. It's also enabling sellers of flats to move up the ladder and finally buy their ‘forever home’, move to a new area, get a much-needed garden and possibly even a new home office.
"What's more, the stamp duty rate for 2nd homes and additional properties will now only attract the 3% stamp duty up to £500k, not double as before. There are also a number of other stamp duty savings to be made, including buyers of pricier properties over the £500k mark being able to save £15,000 on the first £500,000 on their stamp duty bill.
"It’s an ideal time to buy and we’re already seeing the benefits amongst our customers and clients at Urban Village."
If you’re keen to explore your options as a first time buyer, looking to put your property on the market or interested in buying a buy-to-let property or second home before 31 March 2021, call us on 020 3519 9121.