Anyone completing on a main residence costing up to £500,000 between 8th July and 30th June will not pay any stamp duty, and more expensive properties will only be taxed on their value above that amount. As a buyer in London, this could save you as much as £15,000, if purchasing a property of £500,000 or more. That’s an equivalent 1.84% discount on the average Fulham house price until 30th June this year.
If the hunt for your dream home was on hold, now could be the perfect time to resume your search, particularly with the reduced amount of cash now needed to make the purchase. Talk through your search with our experienced local estate agents.
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