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ehB Residential welcomes stamp duty holiday

Thu 09 Jul 2020

The flood of house sales and new instructions which erupted in the initial post lockdown phase is likely to continue, thanks to yesterday’s stamp duty holiday announcement, believes ehB Residential.

Chancellor Rishi Sunak has announced that with immediate effect until March 31 2021, buyers will pay no Stamp Duty Land Tax (SDLT) on the first £500,000 when they move home. The government says this means nearly nine out of ten people starting on or moving up the property ladder will pay no stamp duty at all.

ehB Residential MD Edward Bromwich is, understandably, delighted at the chancellor’s swift and decisive action, which is aimed at boosting the housing market and stimulating the economy.

“Our phones have been ringing off the hook since house viewings were allowed from mid-May,” said Edward. “And we’ve had a record month this June and are expecting another bumper month in July.

“Our diary is very, very full indeed with new valuation appraisals, new listings and most importantly viewings leading on to sales!

“Although the initial surge of interest has been extremely encouraging, this latest announcement will give extra confidence that now is a good time to sell and to buy.

“It means those who are teetering on the brink and considering putting their homes on the market can be confident that there is pent up demand out there.

“And those looking to make a move – perhaps because of changed circumstances – know there will be not only a wider choice of properties but also that the overall cost of moving will be considerably lower between now and the end of March next year.

“Not surprisingly, many of those looking to move are after a home office, a garage for their children to use as a playroom, a bigger garden, or a different environment. As working from home is likely to continue some way beyond this current Covid world, many realise a different set up is essential not just for now, but for the long term.”

"Hi Juliana, now that the sale has been completed, I would like to say thank you to EHB for the friendly, professional and efficient service. Kind regards, Louis Skiffington "
Mr L Skiffington

News Archive

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September 2020

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July 2020

Covid crisis sees airbnb landlords switch to longer term rentals, says estate agency ehB

ehB Residential welcomes stamp duty holiday

February 2020

ehB helps Milverton youngsters raise cash for playground equipment

ehB wins gold award for being best lettings agent in Leamington

January 2020

Rightmove report shows ehB was Leamington’s number one estate agency in 2019

December 2019

ehB celebrates best autumn in three years – despite Brexit

November 2019

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September 2019

ehB lettings manager celebrates 20 happy years with Leamington estate agency

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August 2019

ehB celebrates record month for sales

July 2019

Phase two of niche Kenilworth town centre development opens on Monday

June 2019

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The common mistakes made by first time buyers and how to avoid them

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Supply and demand outstripping Brexit concerns

ehB guiding you through the property jungle

May 2019

How to get the best deal on your mortgage

April 2019

Feel like your sale is going round in circles?

We would like to take this opportunity to reassure all of our clients
- sellers, landlords, buyers and tenants that we are taking all reasonable
steps to protect the health of our clients and our team during the Covid -19
Outbreak. We are following the government and industry guidelines to estate
agents and lettings agents, and are conducting viewings and valuations in
person wearing suitable protection to include facemasks and gloves. We are
also available to offer virtual viewings and valuations should you require that
service. We would be happy to discuss these measures with you further should
you require any further information.
 
Leamington Office 01926 881144 or info@ehbresidential.com
Warwick Office 01926 499540 or warwick@ehbresidential.com
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