It has been a hectic start to the New Year for the UK property market, and despite the current lockdown restrictions, estate agents and mortgage advisors are very much open for business and busy as the Stamp Duty holiday cut-off looms into view \u2013 not to mention helping those wanting to remortgage to fix outgoings during these times of uncertainty.<\/p>\n
You may recall that, earlier in the COVID-19 crisis, the Government introduced a temporary holiday on Stamp Duty Land Tax on the first \u00a3500,000 of residential property sales across England and Northern Ireland, which is due to end 31 March 2021. Currently, there are no plans to extend the SDLT holiday, however, here at The Financial Planning Group, we have lenders that can issue offers and recommend the solicitors we work with, who can still get the legal work done to a tight deadline.<\/p>\n
Continuing record low interest rates have also enabled lenders to offer consumers some incredible deals \u2013 for example, we have secured several Two year fixed rates from 1.14% and Five year fixed rates from 1.27% for a number of clients this week, with others about to put pen to paper, thus enabling them to reduce their monthly outgoings significantly.<\/p>\n