Leak Claims 6 Week Stamp Duty Extension Will Be Go Ahead

Extension Could Run To June

It is believed that Sunak is looking to keep the property market booming, post lock down, as the economy recovers from it’s Covid stagnation.

This will be good news for the thousands of sales that are currently undergoing Conveyancing, which have seen a ‘pinch point’ over the last few weeks. Rightmove estimates that an additional 300,000 sales could benefit from the saving in England alone, based on previous HMRC data.

“Currently, Rightmove estimates that 100,000 buyers who agreed a purchase last year are set to lose out, if the deadline stays as 31st March,” a spokesperson says.

Falling Inline With UK Road Map

At the moment, the UK housing market is facing a stamp duty ‘cliff face’, which will be moved to June 30th, allowing the market to align with the final easing of restrictions as laid out by Boris Johnson in his recent Road Map announcement.

The leaked document, ahead of Sunaks 3rd March Budget Statement also suggests that Ministers have been listening to the property industry. Since the turn of the year, Agents, Conveyance Solicitors and Lenders have pushed for stamp duty extensions to ease sales progression and keep thousands of buyers from missing out on lucrative savings.

The extension is more good news for the, currently buoyant UK market, which has been strong during easing of restrictions.

The Best Time To Sell

With such a strong market and increase in buyers, there’s never been a better time to sell. Speak to us if you’re thinking of selling your home. Our team can lead you through the entire selling process, as well as advise on how Stamp Duty Holidays can affect your sale.

Contact us for a free property valuation, or to find out more about selling your home during lockdown.

leak-claims-6-week-stamp-duty-extension-will-be-go-ahead

Open House Wigan Logo

Our Properties

Fairfield Ave, Pemberton, Wigan. WN5 8D £260,000

As soon as you walk into the elegant lounge of this property you will appreciate that no money has been spared here as everything in this room, including the laminate flooring, the gas fire and the blinds are obviously top quality. The kitchen has a an expansive island that doubles as a breakfast bar. There … Read more

401 Poolstock Lane, Wigan, WN3 5RB £170,000

STC………SOLD IN TWO DAYS………STC Magnificent Edwardian Property built 1907 18 sq mtrs of space are provided in the magnificent kitchen The cooking area and the dining area are set at either end of this spacious 6 mtr long room.with multi fuel stove Main Bedroom 21 sq mtrs. Bedroom 2. 14.85sq mtrs Bedroom 3. Ideal for … Read more

Close House Farm, Wigan.https://www.onlineestateagents.org.uk/property-details/OPXN000107/greater-manchester/wigan/hindley?page=1&showstc=on&showsold=off&instruction_type=Sale&address_keyword=Wn2+3SH&minprice=&maxprice=&property_type=

£950,000     

10 Mesnes Road, Swinley, Wigan, WN1 2DA

£270,000

Beacon Road, Billinge, Wigan, WN5 7HF

£255,000 (OIEO)

Wigan Road, Ashton In Makerfield, Wigan, WN4

£595,000

Close House Farm WN2 3SH £950,000

Close House Farm, Hindley, Wigan, WN2 FOR SALE £950,000 Close House Farm offers great potential in many areas as well as being a fantastic place to live, work and play. Set in four acres of land, well away from main roads and noisy traffic, its a safe and quiet haven for all the family. With … Read more

Naylor’s Farm & Equestrian Centre: Bickershaw, Wigan, WN2 5TU

£655,000

Pateley Square, Springfield, Wigan, WN6

£225,000

Storwood Close, Orrell, Wigan, WN5

£450,000