Lifeline for Harborne House Buyers & Harborne First-time Buyers

Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Harborne properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, the Stamp Duty Holiday will apply only on properties up to £250,000 until the end of September 2021

From the 1st October 2021 Stamp Duty thresholds and levels will return to pre-pandemic levels.

To help Harborne first-time buyers, the Chancellor confirmed that there will be Government guaranteed 95% mortgages available from April, on the purchase of properties up to the value of £600,000. This means Harborne first times buyers will be able to buy their first home with just a 5% deposit.

Harborne Landlords will also be pleased there was no statement on Capital Gains Tax, although this will have to be addressed in the years to come.

Harborne tenants, those hardest hit with unemployment and job uncertainty, will also be pleased to hear that the Furlough Scheme will be extended to the 30^th September 2021.

It is my intention to publish a greater in-depth article early/mid next week to discuss these topics and what it actually means at a more granular level for Harborne homeowners, Harborne property buyers, Harborne tenants and Harborne landlords.

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

Moving In Together? How to Find the Right Rental Budget

Renting as a couple is a big step in life. It often means merging lifestyles, sharing financial responsibilities, and making decisions that affect both partners equally. In the UK, where rental prices have climbed significantly over the past decade, setting a realistic rental budget is more important than ever.

CLICK HERE >

What is Gazumping and How Can You Avoid This Property Pitfall?

Ever heard the term 'gazumping' and wondered what it meant? This common UK property headache can turn your dream home into a nightmare. Let us explain what it is and, more importantly, how you can steer clear of it.

CLICK HERE >

Shared Ownership Explained: Is It Right for You?

For most the dream of owning a property can feel just out of reach—especially with rising house prices and cost of living pressures. Shared ownership is one scheme that aims to bridge the affordability gap and help people get a foot on the property ladder. But what exactly is shared ownership, and is it the right move for you? Let's break it down.

CLICK HERE >

Buying a House with a Bad Credit Score

Owning your own home is a milestone for many people in the UK, but if your credit history is less than perfect, the path to homeownership can feel daunting. The good news is that buying a house with bad credit is possible — it just requires more preparation, patience, and the right approach.

CLICK HERE >