Stamp Duty: How To Win Gold In The Race Against Time
The stamp duty holiday has unsurprisingly let to a flurry of activity as people look to save money on their new homes. Introduced last summer, the tax break was originally due to end on March 31st, but it was later renewed until June 30th.
The stamp duty holiday extension has triggered a drop in mortgage borrowing and a surge on property purchases in Cornwall. Experts also believe that people see homes as homes rather than investments nowadays.
‘Property for sale’, ‘property for sale near me’ and ‘houses for sale’ are being typed into search engines more frequently now by those of us wanting to take advantage.
Currently, people buying homes of up to £500,000 don’t have to pay stamp duty on their next home. The idea behind the scheme was to revive an ailing property market.
The Tokyo Olympics are due to start soon after the end of the stamp duty holiday and homeowners can win gold in this race against time. How?
Don’t hang about
Rushing a big decision isn’t always the best idea and 21 days is a very ambitious time to agree a transaction properly. But if your next home buying plans are already underway, you should make sure you get the job done. Are you still waiting on documents that are overdue? You should chase them up so you can dot the i’s and cross the t’s.
Call CBS Removals
The paperwork might be complete, but have you got a means of getting your possessions into your new home? If you don’t, you should call CBS Removals. We project manage all moves as well as ensuring your items are wrapped carefully so they don’t get broken. We pride ourselves on taking the stress out of home moves.