Friday News#081 – 30th of October 202
It is increasingly clear that investors who wish to make the most of the UK’s current Stamp Duty Land Tax holiday need to act with relative haste to ensure the discount is secured.
Our team are ready to guide investors on where and what to purchase, and if you’re looking outside of the UK we have a hot new investment prospect for you.
Here’s what we’ve seen in the news this week.
Stamp duty holiday fuelling portfolio expansion plans among landlords: Data shows that at the end of last year, 82% of landlords claimed that they had no plans to acquire another property in 2020, with just 3% intending to add more than a single property to their portfolio. However, according to the latest research, the government’s stamp duty holiday appears to be driving more landlords towards larger portfolios. Read more.
UK house price growth hits two-and-a-half year high: The stamp duty holiday and post-lockdown buyer demand have also led to the number of sales in the pipeline jumping by more than 50%, according to our House Price Index. Read more.
Act fast or you may miss stamp duty deadline, homebuyers warned: “Severe delays” and a “large backlog” in home sales may result in people missing out on the stamp duty holiday. Read more.
Mid-January likely BTL cut-off for stamp duty deadline but strong 2021 ahead: Applications for specialist buy-to-let mortgages should be submitted before mid-January to have good chance of completing before the stamp duty deadline of 31 March, according to Keystone Property Finance and Brightstar. Read more.
Can foreigners buy property in Zanzibar? If you’re looking for an opportunity offshore there’s a number of reasons why Zanzibar should be on your radar. In our latest article, we answer this pertinent question. Read about buying property in Zanzibar here.