The Stamp Duty holiday – what investors need to know.

What does the new announcement mean?

We are sure you’ve seen the new stamp duty changes that are taking the property world by storm.

For 8 months until the 31st March 2021, properties under £500,000 will have reduced stamp duty, even for investors. This is a huge announcement, and not just because it’ll save millions of people £1000’s.

It shows how much dedication the government has to property, and how serious they are about keeping the market stable.

This level of attention shows us that, with the government on our side, now really is the time to build and grow your portfolio.

For investors, the stamp duty you will have to pay will be cut sharply. The only duty to pay will be added levys to investment and second homes. It means if you were looking at the top end of the scale, your bill could be reduced from £30,000 to just £15,000.

We all want extra savings!

ALL properties under £500,000 are eligible, unlike previous government schemes meaning it is not restricted to new builds.

Transactions are moving ahead at a rapid pace, but with the ending of the furlough scheme this could slow down, and with it comes a reduction in prices.

If you are wanting to buy singles lets, HMO’s even serviced accommodation, there is a golden opportunity to do that

There’s still lending for you to take advantage of these deals

Not only this but with the reduction of VAT on accommodation, if you have Serviced Accommodation units, you can pass on a 20% reduction in price to win your guests back.

Everyone appreciates a nice little discount!

With this stamp duty cut, prices dropping to below market value, VAT cuts, impending changes to commercial planning laws AND new green grants, we are truly entering a golden age for property investing IF you have the knowledge.

You could be looking at an amazing time to grow your portfolio.

We are staying up to date with the latest information that you need. If you want to know how you can take advantage of this golden opportunity, give us a call to see what education we are currently running.

Progressive Property has created more property millionaires and success stories in the UK than any other property investing education provider. Since 2007, Rob Moore, Mark Homer and their team of experts have built a welcoming, tight knit community to help people achieve freedom, choice and profit by investing in property.

*I do not give financial advice, I just share my 20 years experience on what has worked for me, & I warn you about & openly share what has not. I do not do get rich quick, I do get richer for longer. No schemes, just strategies. I am not an IFA, and I do not give professional advice, I simply educate entrepreneurial people who are smart & make their own decisions. I regularly suggest you do your own due diligence & research before making your investments. And I am here to help. To see our legal disclaimer, click here