Kier Living is urging prospective
homebuyers in England to take action now to save thousands of pounds on their
next home before the Government’s Stamp Duty holiday ends in March.
The tax break, which was announced by
the Chancellor back in July, saw the removal of the Stamp Duty Land Tax on all
properties priced at £500,000 and below, representing a potential saving for
buyers of up to £15,000. The rate on buy-to-let homes and second homes was also
reduced to three per cent on properties of the same value.
Savvy homebuyers have been quick to take
advantage of the Stamp Duty holiday but, with the scheme only available on
properties completed by 31st March 2021, time is now of the essence.
Mike Coker, Group Operations Director at
Kier Living, comments: “The Government’s temporary reduction in Stamp Duty was
a welcome boost for buyers and we’ve seen a high level of interest from both
first time buyers and families looking to move up the property ladder. With the
deadline to complete under the scheme now just weeks away, buying new with no
upward chain could be a smart move.
“In addition, at Kier Living we can
offer buyers our Part Exchange service which means they won’t need to go through
the process of selling their existing home on the open market and they’ll have
the peace of mind of a guaranteed completion date.”
Kier Living is also offering purchasers the
reassurance of a ‘Stamp Duty Holiday Guarantee’ on selected properties on developments
across the country. This means that we will cover the cost of Stamp Duty in
line with the Government scheme, should there be any delays that mean buyers
miss the deadline. Terms and conditions apply.
Kier Living developments are currently
open to visitors by appointment only, with strict measures in place in line
with COVID-safe guidelines. Find developments in your area.
We've put together a guide looking at the Additional Fees When Buying Your First Home