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Stamp Duty Cut: Buy with McLarens Estate Agents

July 20th 2020

On the 8th July, Chancellor Rishi Sunak announced a considerable Stamp Duty cut for properties up to £500,000, saving buyers an average of £4,500 in the purchase of their new property until 31st March 2021.

In a bid to boost the property market, the Chancellor’s move has already sent positive ripples through the Surrey property market, with a boost of enquiries and valuations.

Speaking about the move, Sunak explained, “We need people feeling confident – confident to buy, sell, renovate, move and improve. That will drive growth. That will create jobs.”

The considerable move will mean that together with first-time buyers, thousands more can now make their move up and across the property ladder.

Mclarens Managing Director, Dean Beasley spoke of the Chancellor’s move:

“Cutting Stamp Duty is a welcome move for the housing industry, of which we have already witnessed a positive uplift in the Surrey property market. We have seen a surge in activity on our Online Valuation tool, so its certainly put a spring in Surrey’s step as lockdown restrictions continue to lift.”

Be first in the know of our newly listed properties for sale, contact Mclarens today to make your Surrey move.

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