Are you unsure whether now is the right time to buy a property?
Well, after Rishi Sunak’s recent announcement, there has never been a better time to buy property than now!
On 8 July, the UK government stated that a temporary stamp duty holiday will come in with immediate effect, meaning that those completing on a main residence costing up to £500,000 between 8 July and 31 March will not pay any stamp duty. For those unaware, stamp duty is a tax paid by people buying properties. Prior to 8 July, there was no stamp duty on transactions below £125,000, so by increasing the threshold to £500,000 it will make a huge difference for buyers. In addition, transactions above £500,000 will only be taxed on their value above that amount.
Overall, this temporary period of tax efficiency means that if you are a prospective buyer, then you should definitely complete on your property before 31st March 2021 so you can benefit from this. There’s no time like the present, so why don’t you get yourself onto the property ladder by booking in a viewing now, in order to maximise your choices as our stock is moving very swiftly. To book a viewing please call 02072721090 or email sales@jtmhomes.co.uk and a member of our friendly team will be more than happy to help you.