The chancellors Budget is music to our ears, whether you’re buying or selling.
Firstly we hope all of you Harrovians are doing well in these challenging times. I’m sure you’ll agree, we can’t wait to see the back of COVID 19.
While we can’t go abroad just yet, Chancellor Rishi Sunak recently announced another holiday of sorts: three-month extension to the current stamp duty holiday through to 30 June, 2021, at an estimated cost of over a £1bn to the government
After that date, the threshold will fall to £250,000, which means anything up to this amount will be exempt from stamp duty until the end of September this year. A silver lining if we ever saw one.
We have seen an increase in both valuations being booked and buyers registering with us since Wednesday afternoon’s Budget announcement.
Those who felt they may have missedthe March deadline have returned to the market bolstered by the extra four months we’ve now been granted. They’re confident the extension offers sufficient time to make a move, in every way.
Home ownership, a distant dream for many would-be first-time buyers now feels within reach thanks to a brand newmortgage guarantee scheme that Chancellor Sunak also announced.
The promise of 95 – 90% mortgages, backed by the government, means a home of one’s own is finally a real and tangible prospect. We will reveal more details as we get them.
Anyone looking to sell/purchase should capitalise on the current support being provided by the government; much like Covid, they won’t stick around forever.
There are many ways to boost the marketability of your property in order to achieve the best possible price. Here are a few of our ‘Top Tips’ we have to maximise your potential of selling fast:
After a hard winter, there are plenty of reasons to fee optimistic. Spring is knocking, lockdown measures are easing, and the Budget is boosting the property market. It looks like we’re set for a great summer!
As always if you wish to discuss any points raised in this article, or you’re just curious about how much your property could fetch, we’re only a call or click away. Contact me, Harsh Shah on 020 8426 0631 or email harrow@hiltonandfox.com
