Property Investors Weekly News: 21/12/2020

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Property Investors Weekly News: 21/12/2020

Tonight we’re bringing you the last Sourcesome newsletter of 2020.

Don’t worry we will back in January with your weekly property news updates (even we need a break after what’s been thrown at us this year)

Now it’s time to sit down (ideally with a mince pie) and enjoy some of the hottest property news updates:

Government says it ‘does not plan to extend’ stamp duty holiday

The Government has opted not to extend the stamp duty holiday for property buyers beyond March 2021. Disappointing news to estate agents, surveyors, solicitors and property buyers.

https://propertyindustryeye.com/government-says-it-does-not-plan-to-extend-stamp-duty-holiday/

Furlough scheme extended by a month

The furlough scheme has been extended from March to the end of April.

Rishi Sunak has also confirmed that he would be extending government guaranteed Covid-19 business loan schemes until the end of March 2021.

https://www.propertywire.com/news/furlough-scheme-extended-by-a-month/

New Help to Buy and shared ownership: how do updated government home buying schemes work?

The new Help to Buy scheme started to accepting applications on 16th December with buyers able to move into properties from 1 April 2021. This article tells you how it works and how to tell if its best option for you.

https://www.homesandproperty.co.uk/property-news/buying/first-time-buyers/how-does-new-help-to-buy-work-shared-ownership-scheme-a140694.html

What were house hunters searching for online in 2020?

Good Move (regulated property buyers) have combined one year’s worth of Good Search data to reveal what prospective house buyers were searching in 2020 compared to 2019.

Searches for apartments with a balcony had the highest year on year increase compared to 2019. 

https://www.propertyreporter.co.uk/property/what-were-house-hunters-searching-for-online-in-2020.html

Merry Christmas!

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