Chancellor Rishi Sunak has announced a Stamp Duty holiday, raising the level at which the tax is charged to £500,000. This means that you could now save thousands of pounds when purchasing your next home – making it the ideal time to buy.
The average home currently costs £248,000* – with the changes announced you would save £2,460 in stamp duty costs when purchasing a home of this value.
Essentially, the more the property that you are buying is worth – up to £500,000 – the more you save, with potential savings of up to nearly £15,000 pounds. With the recent upsurge in property enquiries after the lockdown period, selling your property and finding your new home has never been easier.