Property Investors Weekly News: 01/03/2021
It’s a new month and a new week and we are so ready to see what March has to offer. We are welcoming March with open arms and looking forward to spring and some warmer temperatures.
This month will see the start of the refurbs on both our own current investment projects. We will also be containing to source the best property deals in the North West to you.
As always, we have pulled together some of the hottest property news articles from the past week for your reading pleasure. Now it’s time to sit down and get ready for some updates.
Stamp duty extension backed by three quarters of Brits
Wednesdays Budget is tipped to be one of the most significant for the property market I some years. Chancellor Rishi Sunak is under pressure to extend the stamp duty holiday from the current March 31 deadline until June.
Newly released research from MoneySuperMarket has revealed that three quarter (74%) of Brits support the stamp duty holiday extension.
New mortgage guarantee to help buyers with 5% deposit
A mortgage guarantee scheme aimed at helping aspiring homeowners with small deposits onto the property ladder will feature in Wednesday’s Budget.
Rishi Sunak plans to incentivise lenders to provide mortgages to first time buyers, and current homeowners, with just 5% deposits to buy properties worth up to £600,000.
Sharp rise in number of prospective tenants looking for properties
January saw a significant increase in the number of new prospective tenants according to the latest figures by ARLA Propertymark’s January Private Rented Sector (PRS) Report.
That’s it for our weekly property news. We hope you have a fantastic week from the Sourcesome Team.