Chancellor Rishi Sunak will extend the stamp duty holiday until the end of June – a three month extension.
The lead story in The Times this morning and also on Estate Agent today says the extension, following a fierce campaign by Agents, property commentators and economists will be announced in the Spring Budget next week.
What isn’t clear is whether the extension is three months for all current and new buyers of properties up to £500,000 – or a tapered extension only for current buyers.
In recent years, there have been a number of blockbuster announcements relating to property ownership and rental. These have ranged from cuts in stamp duty for first-time buyers (2017) to a ban on letting fees (2016). This latest budget, whilst lacking the big headline news, did have it’s fair share of significant housing-related measures.
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