Time to invest?

With the stamp duty holiday extended until the 30^th June, now is a good time to consider buying investment property. As governments around the World including in the UK have borrowed so freely and excessively through the last year, often in excess of GDP there is likely to be a tied wave of inflation coming and real estate is a good hedge against this over the longer term. With the stamp duty holiday extended it means that you have sufficient time to find a property and complete before the rate goes up. So take for example a house costing £350,000, the duty payable now is £10,500 increasing to £15,500 until 30^th September and £18,000 afterwards. The £7,500 saved is a significant part of the furnishing costs covered and what is more is you will have a property ready for the new academic year with tenancies typically starting 1^st July for 12 months. If you are considering buying property, we can manage for you or if you are interested in investing as part of a syndicate, you should talk to us.

Note you should always get independent advice and it goes without saying that investments can go up and down in value. Stamp duty calculations courtesy of www.stampdutycalculator.org.uk.