Good news in today’s Budget for home buyers.
As widely predicted, the cut in Stamp Duty has been extended, with the zero-rate threshold of £500,000 staying until the end of June, then being reduced to £250,000 until the end of September. The Stamp Duty threshold will only return to its pre-Covid-19 level of £125,000 from 1st October.
And in a second boost to the market, the Chancellor announced that the Government would provide a mortgage guarantee for people who could only afford a 5% deposit for their mortgage.
He said Lloyds, NatWest, Santander and HSBC have promised to have products available from next month.
If you are looking to buy your first home, now is as good a time as any, with interest rates low and today’s Budget measures in place.
Due to the current restrictions over coronavirus, I’m not doing face-to-face discussions, but I am happy to do free, no-obligation consultations over the phone on 07767 692 653 at a time to suit you.
In the meantime, stay safe.
Or, if you prefer, you can contact me by email at firstname.lastname@example.org and I will help you with any mortgage or insurance issues. And don’t forget, there are no charges for my services.
For more details on the services I offer please visit www.markgrayshan.co.uk