This week the Chancellor, has announced the government will cut stamp duty until 31st March 2021.
Right now, there is no stamp duty on transactions below £125,000 (or £300,000 for first time buyers).
That is now increasing to the £500,000 threshold.
Everyone buying a main home under £500,000 will pay no stamp duty at all.
It takes effect from TODAY!
The average stamp duty bill will fall b y £4,500 and nearly 9 out of 10 people buying a main home this year, will pay no stamp duty at all!