×


Home About Contribute Media Kit Contact Sign In
×







.


Property Industry News

Home fires well and truly alight!


In his spring 2021 Budget, the Chancellor of the Exchequer, Rishi Sunak, has chosen to keep the fire under the property market well and truly alight.

Home fires well and truly alight!


"As we wake up from the Covid nightmare it looks as if, aided by the Chancellor, a greater number of people will be turning some of their more pleasant lockdown dreams into realities."
Duncan Young



The UK is now experiencing a property buying demand reminiscent of a 1970s or 1980s type boom. We know there’s a property boom when adverse events that might otherwise have knocked the market off course fail to do so. Lockdowns 2 and 3 haven’t dented the recharged enthusiasm for property purchase, which began in the first lockdown; nor have the threatened end of the stamp duty holiday or the dark cloud of a post-furlough unemployment spike.
 
It’s clear that the wider British public is back in love with home ownership, and the Chancellor has chosen to give that fire a further stoke. Mr Sunak has extended the stamp duty holiday from the end of March to the end of June. After this date, the starting rate of stamp duty will be halved to £250,000 until the end of September.
 
The Budget announcement also included a mortgage guarantee scheme to help people with small deposits get on the property ladder by offering incentives to lenders to provide 95% mortgages.
 
Simultaneously the Chancellor is easing the country from an end of furlough cliff edge and has turned away from increasing capital gains tax - an increase in CGT could have dented the holiday home and investment sectors. These moves point the way to a lively property market through 2021.
 
Out of the Chancellor’s control, but helping the market with other boosts, is the sensational march of Covid vaccinations and the pandemic-prompted and facilitated sea change in lifestyle choices.
 
With the public looking forward to the stepped retreat from lockdown and many people planning new ways of working between office and home, there are compelling new opportunities for buyers looking for first homes or for homes with more room in different surroundings.
 
As we wake up from the Covid nightmare it looks as if, aided by the Chancellor, a greater number of people will be turning some of their more pleasant lockdown dreams into realities.

Duncan Young

Chairman

Sanderson Young

duncan.young@sandersonyoung.co.uk

www.sandersonyoung.co.uk

.


Property Business News - Investing in some greenery is a simple and often overlooked design technique that can breathe new life into an office space. It s not just the aesthetic difference they make - bringing nature indoors so called biophilic design has huge positive impacts on office employees.


Plant Appreciation Day - Choosing Plants For Your Office

Property Business News - An enterprising businesswoman is looking forward to restrictions being lifted so that she can re-open her luxurious beauty salon in Swindon, Dudley, having purchased the building it is located in with an ambitious vision for future growth.


Beauty therapist with a flair for business makes commercial property investment

Property Business News - Almost 200 homeowners and 30 team members at six retirement communities across the North West have received their first dose of the Coronavirus vaccine. Adlington Retirement Living, which owns the developments, has on-site management teams who have helped homeowners to book their individual appointments.


Adlington Retirement Living communities complete first round of Covid vaccines

Property Business News - The new Help to Buy Equity Loan scheme is coming in to play for buyers, and for those in the North West, this will mean some changes.


Local Property Experts Weigh in on New Help to Buy Equity Loan Scheme

Property Business News - Lesley Tattershall now leads a team of nine six duty managers, two housekeepers and a maintenance technician at Jacobs Gate in Sheffield. With more than 16 years of experience in health and social care, Lesley is excited about putting her skills to good use in a very different environment with Adlington Management Services.


Adlington Management Services appoints GM for new Sheffield development

Property Business News - The decision to buy a house is one of the biggest you ll make in your life. But whether you re looking for your first house or forever home, you must test the impact it will have on your life. From the cost, location, and life direction, you need to check that you re ready for the big move.


Life Questions to Ask Yourself Before Buying a House






Ten Times Ten

We transform your bright ideas into brilliant digital products.