Moving house is now cheaper than ever before, thanks to a Stamp Duty holiday on homes up to £500,000 in England – helping buyers save on average £4,500 on the cost of their new home.
The Stamp Duty change comes into force immediately, and makes moving home much simpler and less of a financial burden, as Francesca Tizzard, Senior Sales Manager, at Places for People explains: “This is a really great opportunity for house buyers who are being gifted a huge saving.
“While concessions are often made to help first-time buyers, this announcement is open to a much broader range of customers – with the Chancellor estimating that nine out of ten purchasers will benefit from savings of an average £4,500 per transaction. This will give buyers a renewed confidence, plus it’s great for the overall market.”
“People are looking for homes which are multi-functional; spaces that are social hubs, workplaces, places to school their children or peaceful havens. Today’s announcement gives buyers a huge incentive to quickly make their move.”
And, the window is all the more appealing thanks to Help to Buy which is available on a wider range of homes at Places for People the Government initiative – for which eligible buyers need just 5% deposit – is changing in March 2021, as Francesca continues: “Help to Buy is an added bonus here; coupled with the Stamp Duty holiday it creates an appealing opportunity for customers who will save on the tax, and of course need a smaller deposit. “Hundreds of our customers have purchased via this route as it has successfully removed one of the biggest barriers to ownership. I would urge buyers to act fast, before the window closes on two great financial opportunities.”
Anyone wishing to discover how to find their dream home at Places for People should get in touch and get moving today with zero stamp duty!