Extended Mortgage Payment Holidays

Stamp Duty Cuts Announced

The Chancellor has today announced a stamp duty holiday to start immediately and run until 31st March 2021. Under the changes, homebuyers will now pay no stamp duty on their main homes up to the £500,000 threshold.

The average stamp duty saving will be £4,500, with nine out of ten buyers this year now paying no stamp duty at all on purchases.

The changes do not include second homes.

Lender Updates: Nationwide and Mortgage Works

Do you have a remortgage or purchase going through with Nationwide or The Mortgage Works at the moment? Each day we will be posting updates from each lender that may apply to your mortgage..

– Nationwide and The Mortgage Works are arranging desktop valuations where possible, meaning a full property inspection is not necessary at this time

– Existing offers can be extended by 90 days to allow additional time for your completion to take place at a later date

Moving Home During the Coronavirus (COVID-19) Outbreak?

Follow the link below to hear advice from the Government for people buying or selling private residential homes:

https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak

Covid-19 Update