What the stamp duty holiday means

If you have been considering moving home, you’ll welcome the fact that the Chancellor of the Exchequer has raised the threshold for the payment of Stamp Duty from £125,000 to £500,000.

If you have been considering moving home, you’ll welcome the fact that the Chancellor of the Exchequer has raised the threshold for the payment of Stamp Duty from £125,000 to £500,000.

Stamp Duty was first introduced in 1694 to raise revenue to pay for the war with France – and it proved so successful that it has survived since, taking its name from the fact that documents had to be stamped to prove payment had been made.  Today, all payments are made electronically as part of your property purchase. Normally, it is levied on all homes priced over £125,000 and you pay a percentage of the property price according to various price bands.

The recent changes mean that you could save up to £15,000 provided your purchase is completed before the end of June.

The Beechcroft team is already experiencing an upsurge in interest in both of its retirement and Special Projects’ developments. The recent pandemic has shown that Beechcroft developments offer much that is important to home buyers over the age of 55: beautifully-landscaped, fully-maintained settings, private outdoor space in the form of terraces, balconies or gardens, supportive communities of like-minded people and Estate Managers on hand to offer help and advice and ensure the communal areas are cleaned and maintained to a high standard.

The Beechcroft team is already experiencing an upsurge in interest in both of its retirement and Special Projects’ developments. The recent pandemic has shown that Beechcroft developments offer much that is important to home buyers over the age of 55: beautifully-landscaped, fully-maintained settings, private outdoor space in the form of terraces, balconies or gardens, supportive communities of like-minded people and Estate Managers on hand to offer help and advice and ensure the communal areas are cleaned and maintained to a high standard.

“We have already received numerous enquiries from home buyers who have been considering moving home for some time – to be closer to friends and family, in a property that’s both energy-efficient, easy to maintain and set in a convenient location within easy reach of shops and services,” says Holly Foreman, Beechcroft’s Sales Director. 

What people say...

“Choose one of the free services offered by Beechcroft and you’ll receive help to sell your current or with your actual moving process – and you’ll save even more money,” adds Holly. “If you haven’t yet marketed your home, you may choose ‘Move With Us’ and have your estate agency fees paid – or, with ‘Manage Your Move,’ you could save on the cost of legal fees and estate agency fees – as well as having the services of a handyman for a morning or afternoon free of charge. Full details, terms and conditions of these schemes designed to help you achieve a relatively stress-free move are on our website.  Really, there’s never been a better time to buy a Beechcroft home.”

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