Stamp duty holiday extended to June and 95% mortgages set to return

Money Tips Daily by Charles Kelly, former IFA and author of

As expected, the Chancellor Rishi Sunak has extended the Stamp Duty Holiday for a further three months to help sellers and buyers complete transactions.

Budget Main Points

Covid-19 Support Extended

· Furlough extended to end of September

· Support for self-employed to be extended until September

· 600,000 more self-employed people eligible for help with access to grants widened

· Minimum wage will increase to £8.91 an hour from April.

Property Investor Takeaway

· Stamp duty holiday on house purchases in England and Northern Ireland extended to June

· No Stamp Duty tax liability on sales of less than £500,000 for residential buyers

· Mortgage Guarantee Scheme for 95% to be introduced next year....

Some property experts expect property prices to rise due to a combination of fiscal stimulus (money printing and government borrowing), stamp duty holiday extension, historically low interest rates and the return of a 95% mortgage free-for-all!

A word of caution....Full article published on Money Tips Daily.com

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