HOUSING MARKET DOUBLE BOOST
The housing market received a further boost today with Rishi Sunak announcing that the stamp duty holiday will be extended to the 30th June 2021.
He also announced that after this period the amount of the purchase price of property when stamp duty is payable at all will double to £250,000 up until the 1st October 2021 before going back down to £125,000 again.
The Chancellor has also announced a government backed loan guarantee scheme to encourage banks to put more 95% mortgages on the market which should encourage more buyers to take the plunge due to lower deposits.
