The Stamp Duty Holiday
Following a recent Government announcement, major stamp duty savings currently are available for home buyers in England until 31st March 2021. Buy a home up to a value of £500,000 before the scheme ends and pay no Stamp Duty if you qualify*. And, if you buy a home over £500,000, we still have exclusive incentives available.
*The Stamp Duty Land Tax saving applies to first time buyers and existing property owners looking to move. Property landlords and second home buyers are also eligible for the Stamp Duty Land Tax Saving but they will have to pay an extra 3% on the Stamp Duty Land Tax rate.
What basic rates look like:
|Property Price||Stamp Duty Land Tax|
|Up to £500,000||0%|
|The next £425,000 (portion above £500, 001 to £925,000)
|The next £575,000 (portion above £925,001 to £1.5 million)
|Remaining amount (above £1.5 million)
If you are interested in finding out more about Homes by Lendlease, please speak to our helpful sales team, who will be more than happy to help you take advantage of these savings and to help you find your dream home!