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

A two-minute read.

BREAKING NEWS – What the Spring Budget Means for Homeowners in Wembley
This afternoon the Chancellor Rishi Sunak outlined his plans to get England back on track as we come out of the pandemic.

Among furlough extensions, extra support for the self-employed and business loan schemes was the welcome news that the stamp duty holiday is being extended. When it was introduced, the original deadline was March 31 2021.

Here’s what the Chancellor announced this lunchtime.

  • Until 30 June 2021, no stamp duty will be charged on a residential property bought for up to £500,000.
  • Until 30 September 2021, no stamp duty will be charged on a residential property bought for up to £250,000.
  • From 1 October 2021, the stamp duty rate returns to pre-Covid-19 thresholds.

What it Means to Movers
For people with sales currently in our pipeline, it means they will not miss out on the savings the holiday is providing. This is potentially thousands of pounds and means people’s moving plans will not be disturbed.

Mortgage Market Opened Up
There was also good news for people planning to buy a home but struggling to save what is often a sizeable deposit.
Sunak announced a Mortgage Guarantee scheme that means homebuyers will be able to access 95% mortgages, backed by the Government, from High Street banks and lenders.

Lenders are being offered incentives to provide mortgages to first-time buyers and existing homeowners, with just 5% deposits to buy homes worth up to £600,000.

The Chancellor said: “This will give people the chance to go from Generation Rent to Generation Buy.”
If the Spring Budget has made you want to proceed with your moving plans, we’d love to help you.

To find out more about what the stamp duty holiday extension and Government-backed mortgage guarantee scheme means to you, call us on 020 8903 3909 .


To find out more about what this means to you and your home moving plans, call our Spring Budget Hotline on 020 8903 3909

Thanks for reading

Abigail & the team at Grey & Co

Copyright Grey & Co 2021




Get in touch with us

First Name*
Last Name*
Your Email Address*
Mobile Phone*
Are you looking to*
Please enter message here*
Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)*

Register for Property Alerts

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our “Heads Up Property Alerts”.

Latest Properties

Spacious 3 Bedroom House with extended family home and off-street parking in Monks Park, Wembley.

Guide Price

£590,000

3 Beds2 Baths2 Receptions
monks park, wembley

three bedroom semi detached house

extended family home

close to oakington manor primary school

Spacious 4-Bedroom Detached House with Garage, Sauna, and Ample Parking in Wembley

Guide Price

£1,300,000

4 Beds2 Baths3 Receptions
harrowdene road, wembley

large four bedroom house

off street parking for multiple cars

garage

Modern 3 Bedroom Terrace House in Sudbury Town Wembley - Move in Ready!

Guide Price

£600,000

3 Beds2 Baths2 Receptions
Central Road Wembley Middlesex HA0 2LJ

Beautifully Presented Modern 3 Bedroom Extended Terrace House Which is Move in Ready

Bright and Spacious Front Reception Room

Contemporary Open Plan Reception Kitchen Diner at the Rear With Access to the Rear Garden

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.

Meet All The Team

How to Save Money on Your Next Holiday

Make your holiday budget stretch further by following these tips for booking a glorious getaway.

How to Get Your Home Sold in the Next 3 Months

If you’re planning to sell your home and move this year, you need to understand the steps involved and how to maximise your chances of success. The property market rewards those who are prepared, so timing and strategy are key.

What Type of Upsizer Are You? Find Out Here

Are you thinking of upsizing in 2025? Knowing what type of upsizer you are is the first step to finding the perfect new home.