The stamp duty holiday means that you can save big — in fact, on a lot of homes you won't pay any stamp duty at all.
If you haven't already heard, Chancellor Rishi Sunak announced that a stamp duty holiday will be in place from July 8 of this year until March 31, 2021 — which means you can save big.
The stamp duty holiday lowers the rate of stamp duty significantly and means that, on a lot of properties, you won't pay it at all.
Normally, stamp duty kicks in whenever the purchase price is above £125,000 on most sales. Now, there will normally be no tax to pay on the first £500,000 of the purchase — unless you're buying a second home or investment property.
But for most of us, we can buy any home up to £500,000 without paying a penny in stamp duty tax while the holiday is still on. From warm and welcoming family homes to slick city penthouses, here are some homes you can scoop up without paying any stamp duty — while they last.
Harter Street, Manchester
This 2-bedroom penthouse on Harter Street in Manchester is a young professional's dream. Completely renovated with a mix of period mill features and contemporary furnishings, you have underground parking, a lift, and all of Manchester's buzzing amenities right on your door step.
St. Paul's Square, Sheffield
This jaw-dropping flat is in Sheffield's tallest building, so it offers unparalleled views of the city — and a Juliet balcony, to really seal the deal. This corner apartment has all of the shops, bars, and restaurants you could want just around the corner and is a perfect first home or bolthole for a young professional.
North Gosforth, Newcastle
This slick bungalow in North Gosforth offers heaps of space, with three bedrooms, a private garden, and the best of open plan living. All of the amenities of Gosforth are nearby, with easy links into central Newcastle — making this an ideal home for a young professional or a family who wants to be near the centre of it all.
The stamp duty holiday runs until March of 2021, so there's plenty of time to make the most of it. Whether you're buying your first home or looking to upgrade, there's a lot of savings to be had.