If you’re in the process of buying a home, then chances are you’ll have been nervously waiting on Chancellor Rishi Sunak’s every word last Wednesday to find out if the stamp duty holiday was being extended. In the end it turned out the leaks were true. The Chancellor extended the stamp duty holiday by three months . This matters because over 300,000 people were said to be stuck waiting for their home purchases to go through before the end of March. If the extension hadn’t happened, then they could have been out of pocket. In fact, the stamp duty holiday was extended to the end of June, with further reduced discounts available to the end of September for people living in England and Northern Ireland. This has led to loads of readers contacting me to ask if this is a good time to buy a property. House prices are unpredictable at best – and for every optimist there’s a pessimist with a different view. Here's an overview so if you're thinking about making a move, you have all the options. England, Ireland, Scotland, Wales Video Loading Video Unavailable Click to play Tap to play The video will auto-play soon 8… Read full this story
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Is the stamp duty holiday the right time to buy a house? Pros and cons explained have 344 words, post on www.mirror.co.uk at March 7, 2021. This is cached page on Europe Breaking News. If you want remove this page, please contact us.