With plenty of opportunities to find your new home available at Graven Hill, make the most of the Government announcement to offer a Stamp Duty holiday until 31 March 2021.
The changes mean that if you buy a home up to the value of £500,000, you won’t need to pay any Stamp Duty. Not only will the Stamp Duty holiday assist first-time buyers, but it will also encourage existing homeowners, who may be considering a better-suited home, to take the next step up on the property ladder and potentially save thousands!
Karen Curtin, managing director at Graven Hill Village Development Company said:
Lockdown has given people the opportunity to reevaluate their current property and whether their space still works for them. The Chancellor’s plans will give buyers the confidence they need to find their perfect home, in turn kickstarting the housing market and Britain’s economic recovery.
At Graven Hill, we believe that compromise needn’t be part of the house buying process. Our custom and self-build homes ensure everyone can own a home that fits their needs, something that shouldn’t have to change during the pandemic.
How do the Stamp Duty changes affect me?
Stamp Duty Land Tax (SDLT) is payable when you buy a property or land over a certain price. If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay SDLT on the amount you pay for the property above £500,000. If your property is below £500,000 then there is no stamp duty payable. For homes over £500,000, you will save £15,000.
How much in Stamp Duty?
|Purchase Price||Stamp Duty (%)|
|0 to £500,000||0% (Zero)|
|£500,001 to £925,000||5%|
|£925,000 to £1.5 million||10%|
|£1.5 million and above||12%|
Move-in Ready Homes at Graven Hill
We have a fantastic range of brand new 2 and 3-bedroom Custom Build New Homes available to reserve today from £315,000. All of our Custom Build New Homes are also available with a 5% deposit through the Help to Buy equity loan scheme, making your dream home even more affordable.
It’s also worth bearing in mind that our Self-Build plots are eligible for the Stamp Duty holiday too. Reserve a Self-Build plot at Graven Hill today and you’ll also receive £2,500 towards your Golden Brick foundations (on reservations made until August 2020).
For more information about the new homes available at Graven Hill, or to arrange an appointment, get in touch with the team today on 01869 390 009 or email [email protected].
More information about Stamp Duty Land Tax and the Stamp Duty holiday can be found on the Government website.