Time is of the Essence

12th October 2020

Time is of the Essence

Are you an owner thinking of selling? Or are you a buyer who has decided to make that first-time purchase or to move on from your current home? If so, now is the time to put your property on the market or to start searching for your perfect property in order to take advantage of the stamp duty changes, which were brought in by Chancellor Rishi Sunak this summer.

The scheme, which sees stamp duty cut on all properties below £500,000 and a tiered reduction on properties over this value, means that buyers need to exchange and complete before 31 March 2021 in order to receive this considerable saving.

With the average property taking 18 weeks to complete – and this is on the provision that the purchasing process goes to plan – it would mean that any current sales would happen in February 2021, just in time before the deadline. So if you are thinking of selling or making that move, now is the time to do it.

To have your property valued, simply telephone us on 020 8940 2233 or email sales@major-estateagents.com

To view our properties that are currently for sale, visit: www.majorsonphipps.com/properties/sales#list

Written by Francesca Lee Rogers