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Latest News from the Chancellor Rishi Sunak regarding housing updates

Latest News from the Chancellor Rishi Sunak regarding housing updates:

  • The Stamp duty holiday which was due to end on March 31st will now be extended until 30th June 2021. This means the nil rate band will remain at £500,000 until the end of June.
  • The Nil rate band will then be reduced to £250,000 until 30 September 2021. After this the nil rate band will return to the original £125,000.
  • The government also announced the introduction of a new mortgage scheme to begin in April 2021 which will help first time buyers and homeowners access 95% mortgage.
  • The scheme will be available for new mortgages up to December 2022 and will allow people with a 5% deposit to purchase homes up to £600,000.

 

If you would like to speak to one of our mortgage advisors to ask any questions please do not hesitate to contact us.

 

2021-07-05T15:31:05+01:00

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