Make the move - Stamp Duty Extended and 5% Mortgage Deposits coming back!!
The year of staying home has made us all slow down, stand back and re-assess. For some staying at home it was the opportunity to complete DIY to-do lists and fall back in love with their abode. For others it has been the driving force to take the next property step to find a home that works for them.
If you're making the move, the Stamp Duty announcement would of been a beacon of light. To still be able to take advantage of the Stamp Duty saving until the 30th June 2021 on properties up to £500,000 was the news we had all been hoping for.
To also be told that 5% mortgage deposits are making a come back was the icing on the cake for home movers and first time buyers. As of April the new 'mortgage guarantee' means that some lenders will offer mortgages with a 5% deposit on properties up to £600,000.
If you're thinking of moving or looking for your first home this really is a great time to start those new chapters.
Want to find out more on the Stamp Duty Savings?
FT Article on Mortgage Guarantee Scheme.
If you would like to discuss anything further don't hesitate to get in contact.
Gav & Kat
MG Estate Agents