Act now to save up to £15,000 on your property purchase

News at Waterfords | 10/11/2020

Act now to save up to £15,000 on your property purchase

Earlier in 2020, the Chancellor announced a temporary stamp duty holiday on the first £500,000 of all property sales in England and Northern Ireland. The stamp duty tax threshold has been temporarily raised until 31st March 2021. The 31st March might seem like a date in the distant future, but homeowners wishing to benefit from up to £15,000 of savings from the scheme, need to act quickly. In normal property market conditions most sales agreed before the new year will complete by 31st March. Only 54% of sales agreed in January will make the deadline, 17% in February and 3% in March.

Increased buyer demand over the summer has led to 140,000 more sales in the system than usual according to Zoopla. This has put increasing pressure on mortgage lenders, valuers and conveyancers, meaning that there will likely be a slight delay in properties exchanging at present.

Can I still meet the stamp duty deadline?

Buyers need to be well prepared if they want to make the Stamp Duty Holiday deadline. It’s important to find a trustworthy estate agent who has a track record of selling success. Waterfords Estate Agents are celebrating their 25th year in business and come highly recommended by over 1000 customers on Trustpilot.

Get in touch with our friendly team to discuss how we can help you meet the Stamp Duty Holiday deadline. We have a record-breaking number of buyers looking for property to buy and rent in Camberley, Chobham, Fleet, Yateley and the surrounding areas. Call 01252 235348.

Do you want to know how much your home is worth? Try our instant online valuation tool for a free estimation of your property’s value.

Source: Dataloft, Zoopla