Breaking News – The Stamp Duty Holiday

Many of us have had to cancel or postpone our summer holidays due to the Covid pandemic, but the Chancellor has just announced another sort of holiday – the Stamp Duty holiday!

From today, there will be no stamp duty to pay on the first £500k of all property purchases in Northern Ireland and England. This is a huge boost for the property market and it is hoped that it will encourage more buyers to take the plunge.

For more detail on this announcement, and in particular, what stamp duty is, who pays it and how much it is, please click this link https://www.bbc.co.uk/news/business-53319433

Property purchases below this new level of £500k will not need to pay stamp duty as long as the deal is completed before 31 March 2021.

Our conveyancing department has been very busy over the last few months and we have seen a big increase in new instructions over recent weeks. If you are thinking of buying or selling and would like some information about likely costs and processes involved, please contact us on 028 90 329801 or legal@mtb-law.co.uk. We’re here to help.