In the Press

Thank you, Darling: How to take advantage of stamp duty changes

The Government's stamp duty incentive to encourage first-time and low-paid buyers back to the housing market is one week old – and it may be working, up to a point. It is too early to judge whether there are already more buyers, but a few sellers are cutting asking prices to ensure that their properties fall inside the new threshold, where homes at £175,000 and below are exempt from stamp duty.

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The UK Government’s latest overhaul to the stamp duty tax system is set to help first-time buyers and low-earners to get onto the housing market.

Whilst it may be a little early to tell, evidence over the past week is showing that it may just have worked.

Sharing our advice as a top UK buying agency, Black Brick Founder, Camilla Dell offered her insights in an article all about the stamp duty changes this week in The Independent:

“In a softening market it’s likely that similar properties may have sold for less,” she said. “Armed with this evidence will put buyers in a good position to negotiate. If buying from a developer, find out its financial year-end date – developers want to get as much stock sold before year-end and they may make a substantial discount.”

Read more in the full article here.