What does The Budget mean for the property market?

What does The Budget mean for the property market?


Last week in The Budget it was announced that the stamp duty holiday would be extended to the end of June this year, and then would be tapered off. This extension will allow thousands more buyers to benefit from the holiday and is likely to encourage many sellers to put their property on the market as soon as possible as well.

The 'mortgage guarantee scheme' was also announced which gives hope to those who have previously struggled to get a mortgage with a 5% deposit. If you'd like to find out more about this scheme then speak to one of our Mortgage Advisers who can explain more about what this means for you and your situation. 

The property market has had a busy first quarter as property prices have increased by 8.5% with the average property price now just above a quarter of a million pounds. This January was also the busiest January for 14 years with over 120,000 transactions completed in the month

Our teams across Andrews in sales, lettings, mortgages and insurance protection are available online or on the phone. We're also able to provide virtual viewings and valuations, or follow our covid-secure guidelines to provide in person viewings and valuations where necessary. 

For more information on how we are looking after you and our staff see here.

Want to find out more about the property market in your area? Then take a look at our latest monthly insights.

 



Budget 2021: What does it mean for the property market and you?

UK House prices up by 8.5%

January 2021 sees highest level of sales for a January in 14 years

First-time buyers affected by mortgage availability 

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