Lifeline for Wembley House Buyers & Wembley First-time Buyers

Stamp duty update from Rishi Sunak

Lifeline for Wembley House Buyers & Wembley First-time Buyers
Lifeline for Wembley House Buyers & Wembley First-time Buyers
 
In the last few hours, the Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for Wembley properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, the Stamp Duty Holiday will apply only on properties up to £250,000 until the end of 30th September 2021. 
 
From the 1st October 2021 Stamp Duty thresholds and levels will return to pre-pandemic levels.
 
To help Wembley first-time buyers, the Chancellor confirmed that there will be Government guaranteed 95% mortgages available from April, on the purchase of properties up to the value of £600,000. This means Wembley first times buyers will be able to buy their first home with just a 5% deposit.
 
Wembley Landlords will also be pleased there was no statement on Capital Gains Tax, although this will have to be addressed in the years to come.
 
Wembley tenants, those hardest hit with unemployment and job uncertainty, will also be pleased to hear that the Furlough Scheme will be extended to the 30th September 2021.
 
It is my intention to publish a greater in-depth article early/mid next week to discuss these topics and what it actually means at a more granular level for Wembley homeowners, Wembley property buyers, Wembley tenants and Wembley landlords.
 

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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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