Harrogate housebuyers may save £4,500 thanks to to stamp duty holiday
Housebuyers in Harrogate, Ripon and Wetherby, will save an average of £4,500 thanks to a stamp duty holiday announced today by Chancellor and Yorkshire MP, Rishi Sunak.
From today until March 31, Stamp Duty will only be payable on properties priced at £500,000 and over.
Will Linley, chief executive and co-founder of residential sales and letting agents, Linley & Simpson, whose Harrogate office is in Princes Square, said it was a major boost for the industry and one that should turbo charge the Yorkshire property market.
Mr Linley said: “Whilst we have seen the property market making a steady post-Covid recovery, today’s announcement by the Chancellor is very welcome news indeed.
“There was a fear that its introduction would be delayed, which would have immediately put the brakes house sales.
“The stamp duty holiday will make a huge difference for those purchasing properties up to £500,000 and will encourage some to look at flats and houses that were originally out of their price bracket.
“For those contemplating moving house – or taking the first step on the property ladder – now’s the time to do it.
“And with many lenders having stopped providing 90 per cent mortgages, the savings will certainly benefit those struggling to find a deposit."
Linley & Simpson has 19 branches located across North and West Yorkshire and The Humber.
Further information about Linley & Simpson is available from its website: https://www.linleyandsimpson.co.uk
A message from the Editor
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper.
Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis.
With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper.