Watch: Property expert, Martin Roberts, explains the new rules surrounding stamp duty and how you can use this initiative to your advantage
In July, Chancellor Rishi Sunak announced a stamp duty holiday for property buyers in the aim of triggering a recovery of the UK economy.
Until 31 March 2021, buyers will pay no stamp duty on the first £500,000 when they move home. The HM Treasury estimated that this will save nearly 9 out of 10 people getting onto or moving up the property ladder money.
It’s a move that Homes Under The Hammer star Martin Roberts says is very positive – and one all home buyers should take advantage of.
“This is a really positive thing,” he says.
“If you’re in the market for buying properties, this is something which you need to act quick on because we don’t know how long this window of opportunity will last