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Stamp duty holiday plans announced by Chancellor Rishi Sunak

Chancellor Rishi Sunak has announced plans for a stamp duty holiday in the 2020 summer statement. This will make most homebuyers exempt from paying any stamp duty as part of plans to kick-start Britain’s economic recovery. The following industry responses have been r...

Read    17/07/2020

Rishi Sunak unveils stamp duty freeze on homes worth half-a-million pounds or less - as buyers delight at extra cash to spruce up their new properties thanks to savings of up to £15,000 - Mail Online

Home buyers' have reacted with joy at Rishi Sunak's announcement in today's mini-budget that he will freeze stamp duty. The Chancellor said he would immediately raise the threshold on stamp duty to £500,000 until March 31 2021. The measure, which temporarily increase...

Read    17/07/2020

Green Homes Grant: £2bn insulation scheme could support over 100k jobs

As part of the government’s ‘mini budget’ on Wednesday, Chancellor Rishi Sunak confirmed pundits’ predictions by announcing a ‘Green Package’, the bulk of which came in the form of a £2 billion home insulation scheme. The scheme, under the ‘Green Homes Grant’ will se...

Read    17/07/2020

Rishi Sunak slashes stamp duty immediately on homes up to £500k until March next year – saving £4.5k

RISHI Sunak has slashed stamp duty on homes up to £500,000 until next year and unveiled a major jobs package as part of his masterplan to bounce Britain back from coronavirus. In an extensive deal to support hundreds of thousands of jobs and create new ones, the Chan...

Read    17/07/2020

Property industry celebrates stamp duty holiday

Chancellor Rishi Sunak’s hotly anticipated mini budget is an admission that the property industry is our best buffer from the economic blows dealt by COVID 19. Among the many measures he unveiled – including a £10 voucher tempt people to eat out again – the abolition...

Read    17/07/2020

BTL landlords will benefit from £2bn home insulation scheme

The new £2bn grant scheme in England for projects such as insulation, unveiled yesterday by the chancellor Rishi Sunak as part of a wider £3bn plan to cut emissions, initially did not appear to include homes in the private rented sector. Hundreds of thousands of home...

Read    17/07/2020

Stamp duty holiday: These UK buyers to feel 'greatest benefit' if threshold changes

Rishi Sunak will deliver an economy and investment statement today, during which he will give an update on how he plans to steer the economy through the coronavirus crisis. According to reports, the Chancellor may announce a stamp duty 'holiday' for home buyers. Mr S...

Read    17/07/2020

Stamp duty hand-out to give housing market a boost

Landlords might not feel like winners after the Chancellor’s mini-budget, but it could lead to them finding investment opportunities Chancellor Rishi Sunak is expected to introduce an immediate reduction in stamp duty in his mini-Budget on Wednesday, and although buy...

Read    17/07/2020

Mortgage enquiries skyrocket in June – what could this mean for the state's announcement?

Mortgage action could become prevalent in the coming weeks as pent-up demand is potentially unleashed as the economy reopens. Today, Halifax released their monthly “house price index” which revealed some interesting findings. This index, according to Halifax, is the ...

Read    17/07/2020

Stamp duty threshold to be raised

Chancellor Rishi Sunak is expected to announce a temporary increase to the stamp duty threshold after news on the subject was leaked to the press. Currently stamp duty is charged at a rate of 2% between $125,000 and £250,000, as well as 5% between £250,000 and £925,0...

Read    17/07/2020

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