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Stamp duty rates cut for home purchases under £500,000 to kickstart housing market

Stamp duty rates cut for home purchases under £500,000 to kickstart housing market

Stamp Duty Rates Cut

Great news for homebuyers! Following Rishi Sunak’s announcement, stamp duty for all homes under £500,000 has been scrapped in a bid to kickstart the housing market. This move is thought to help nine in 10 homebuyers by slashing £4,500 off the bill for an average purchase. You can work out exactly your stamp duty saving would be by using a Stamp Duty Calculator (Those purchasing second homes will see the same savings and now only have to pay 3%)

Don’t worry, for those looking to purchase a home over £500,000 can still save up to £15,000!

If you’re considering a house move, now is the time and Bourne are on board to guide you through the process.

Are you looking to move? Contact your local Bourne office today for honest and accurate advice.

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  • Week Commencing 27th June 2022

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