The Government has announced a welcomed Stamp Duty holiday in England to give homebuyers a well-needed step forward in their home-purchasing journey.
Currently, all home buyers pay Stamp Duty tax on homes exceeding the value of £125,000. The rules alter in regards to first-time buyers however, who don’t need to pay Stamp Duty unless their house exceeds £300,000. The new threshold will be available immediately, until 31 March 2021 and providing your chosen home is expected to complete before then, you will automatically be able to waiver the Stamp Duty.
Potentially you could save a huge £15,000 if you were to purchase a £500,000 property from Mandale Homes!
We have a fantastic sales team at Mandale who can answer any question you may have about the Stamp Duty Holiday, get in touch today to find out more.