It’s not too late to take advantage of the government’s Stamp Duty holiday tax break, which is due to end on 31 March 2021.

 

Currently, the threshold at which no tax is paid on property purchases is £500,000, up from £125,000 – meaning that until the end of March next year, eight in 10 buyers will pay no Stamp Duty on their purchase.

With time running out, you need to move quickly. To accelerate the process, get an ‘agreement in principle’ from a lender, enlist the services of a solicitor and surveyor who will be ready to assist you when you are ready to proceed.

We understand the market and that time is of the essence, so come to us. We’ll waste no time in finding the most suitable mortgage deal for you.

Your home may be repossessed if you do not keep up repayments on your mortgage

Catch up on our other blog posts:

Stamp Duty – Just a Reminder!

Stamp Duty – Just a Reminder!

The temporary raising of the nil-rate Stamp Duty band threshold to £500,000 ended on 30 June. The measure was introduced in July 2020 to maintain confidence in the housing market during the pandemic. Don’t despair if you missed the deadline, as there's now a tapered...

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A Record Summer for house prices?

A Record Summer for house prices?

House prices continue to rocket, with the Nationwide House Price Index1 revealing annual house price growth of 13.4% in June, the highest level since November 2004.  The extended Stamp Duty holiday, in addition to the new mortgage guarantee scheme and changing...

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(Your home may be repossessed if you do not keep up repayments on your mortgage)

We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)

For Lifetime Mortgages/Equity Release the fee will be £799.

Our mission is to provide honest mortgage advice, whilst helping you save money.

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Providing helpful and friendly mortgage advice in Southampton

First Floor, 9 Salisbury Road, Totton, Southampton, SO4O 2HW

02380 224 925

info@southcoastmortgages.com

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.