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Budget March 2021 – Housing Market
Chancellor Rishi Sunak set out his plans for the housing market as part of today’s budget. Here is a summary of the key points:
This is excellent news for sellers/buyers currently involved in the process and for those thinking of making a move this year.
Rishi Sunak also announced a mortgage guarantee scheme that means homebuyers will be able to access 95% mortgages that will be underwritten by the government. Lenders will be offered incentives to provide mortgages to first time buyers and existing homeowners with a 5% deposit, on properties worth up to £600,000.
If today’s announcement has made you think about making a move, why not give our team a call on 01606 74301?