Great news for homebuyers! Government cuts stamp duty on properties up to £500,000
From the 8th July 2020 until 31 March 2021, buyers will pay no Stamp Duty on the first £500k when they move home. Nearly 9 out of 10 people getting on or moving up the property ladder will pay no Stamp Duty at all. This is great news for homebuyers & vendors looking to get moving soon.
To work out how much you would be saving on your potential move refer to an online Stamp Duty Calculator (Those looking to purchase a second home only have to pay 3% up to 500,000).
For a full list of reduced stamp duty rates please refer to the Goverment Website.