2021 BUDGET is POSITIVE NEWS for the property market
MORTGAGES The Government will be giving mortgage guarantees to lenders enabling them to offer 95% mortgages - This means that some buyers will only need a 5% deposit. The confirmed big name Lenders so far include Lloyds, Santander, NatWest and HSBC.
STAMP DUTY HOLIDAY Up to £500,000 will be in place until 30th June. There will then be a holiday for transactions up to £250,000 for stamp duty to kick in. This will last until the 30th September, before returning to its normal structure from 1st October 2021.
So we're all continuing to Positively Move forward, and with Spring just around the corner, if you're thinking of coming onto the market and would to discuss your home and requirements, we'd be delighted to hear from you.