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SDLT holiday announcement

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Well – what can we say but “THANK YOU” Rishi – turning up all unexpected like Father Christmas and spreading joy from the former blue walls of Sedgefield down to the sunny uplands of Surrey.

The SDLT tax holiday until March 2021 was certainly a bit of a surprise, but we’re jolly glad he did it.

The phones went eerily quiet at about 12:30pm today, but by 1.00pm they were already ringing off the hook!

We were expecting this to have an immediate impact, but within the first hour we received messages from clients who had been deciding whether to proceed with instructions to go ahead.

It’s worth pointing out that while the focus is on those buying for less than £500,000, for many of our clients, they are immediately saving £15,000 on purchases over that amount.

Will be keeping a close eye on the volumes of instructions that we receive in the next few days.

The #RishiRebound might end up making the #BorisBounce look a little tame.

Express.co.uk – Stamp Duty holiday adds ‘rocket fuel’ to housing market recovery