Stamp Duty Break

Stamp Duty

Covid causes 41% drop in property sales despite stamp duty holiday boost

Property market analysis by estate agent comparison site, GetAgent.co.uk , has revealed that residential transactions across England and Wales fell by -41% in 2020 when compared to the previous year, despite the market receiving a boost in the form of a stamp duty holiday.

The initial lockdown introduced in March of last year saw the property market ground to halt, although it’s...

Act now if buying a property before the stamp duty holiday runs out

Mortgage advisor warns of risks and opportunities during COVID

A mortgage advisor is urging people who want to buy a property to act now – before the stamp duty holiday runs out.

Matt Colley, of Moving Experience in Bristol, has seen a surge in people looking to move due to lockdown and a temporary cut to the stamp duty land tax.

But the holiday ends in March and, with the average house purchase taking up to 12 weeks, he is advising...

The 500,000 Stamp duty threshold runs until 31 March 2021

Home seekers reminded to make the most of the stamp duty holiday

A property search firm is urging home seekers not to be slow in taking advantage of the stamp duty holiday as the housing market boom continues.

The government has temporarily increased the stamp duty threshold to £500,000 for property sales in England and Northern Ireland, until 31 March 2021, to help buyers who have taken a financial hit because of the coronavirus crisis and boost...