Addlestone
Weybridge
Woking
Weybridge

  • Feb
    18
    2016

Increased Stamp Duty Looms

Stamp Duty changes are  just six weeks away, landlords and second-home buyers are in a race against time to complete their purchases. Lenders and agents are reporting a surge of panic buying. Many will already have missed the boat to complete their purchases by midnight on March 31 especially on leasehold purchases where it can take longer to obtain management packs and answer additional enquiries.  But maybe its not really time to panic anyone worried about an extra 3% stamp duty on an asset that is appreciating at an average 6.9% compound per annum really should remain calm as this money will be made back through time. Property in the UK still remains a sound long term investment.