BREAKING NEWS – What the Mini Budget Means for Homeowners in Wembley

A two-minute read.

BREAKING NEWS – What the Mini Budget Means for Homeowners in Wembley
Chancellor Kwasi Kwarteng outlined his plans for the economy during the ‘mini-budget’ announced this morning.

This included changes to stamp duty, tax cuts and other measures aimed at boosting the nation’s finances.

Here’s what the Chancellor said about stamp duty as reported by leading estate agency news website – Property Industry Eye.

“The government is reforming stamp duty by doubling the level at which people begin paying this from £125,000 to £250,000.

“The government also committed to helping first-time buyers get on the property ladder in two ways. Firstly, by increasing the level first-time buyers start paying stamp duty from £300,000 to £425,000.

“In addition, the government is allowing first-time buyers to access the relief when they buy a property costing less than £625,000 rather than the current £500,000.

“According to the Chancellor, these measures will reduce stamp duty bills across the board for all movers by up to £2,500 with first-time buyers able to access up £11,250 in relief.”

The announcement comes less than 24 hours after the Bank of England raised the interest base rate to 2.25%.

What it Means to Buyers and Sellers
Call us on 020 8903 3909 to find out more about what the stamp duty changes mean for you.

Call our Mini Budget Hotline on 020 8903 3909 to learn more about what these changes mean to you and your home moving plans.

Thanks for reading.

Abigail & the team at Grey & Co.



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Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

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