Well hello there handsome, how the devil are you? We must say you’re looking particularly attractive right now. Do take a seat and let us bend your ear a while on all things mortgage and land tax related. Although we are admittedly in the depths of a confusing-at-best global pandemic *breathe*, you are also in a pretty good place property market wise. While we do not wish to make light of the current situation, there is a light at the end of the tunnel if you are in the fortunate position to be able to buy a property at the moment. Despite covid fears, now happens to be a fortuitous time for first time buyers and seasoned property moguls alike. Here’s why you should take the plunge right now, and more specifically, with us.
Yes, as a buyer you’re in a fortunate and rather desirable position. You may have noticed we have a somewhat dazzling array of properties on display at Davies & Davies currently, partly thanks to the new Stamp Duty holiday. This has paved the way for more than usual amount of properties to come onto the market and as such, buyers are in a good place as vendors are all fighting for your business. Because of this you should be able to find ‘the one’ that suits and be in a strong negotiating position. Hitting the jackpot! You’ll also find sellers are looking to take advantage of the incentives on offer, aiming to quickly offload any properties that may have been sitting on the market for a while. This is perfect if you’re willing to haggle, as there are some pretty attractive deals out there in the current climate. Hubba hubba! The cherry on the cake? If you buy a property that needs work at a good price already, then you can go on to make a pretty decent profit. Not bad! Remember it is always worth having a professional take a look before making any investments and big decisions.
You are on fire, buyers! There is more good news afoot. The Government announced back in July that Stamp Duty Land Tax would be reduced on residential purchases until the end of March 2021. What does that mean exactly? Well, if you buy a house for less than £500,000, there will be no Stamp Duty to pay. While the benefits don’t extend to everyone, the 3% higher rate for purchases of additional homes still applies on top of the current revised rates. Therefore, if you were looking to add a holiday home to your property portfolio, it may be worth doing the maths first to see how much you’d save using the current incentive. You are right in there my son!
Maybe an extra two months perhaps? On the 31st July, the Government announced that thousands of families can still benefit from the current Help to Buy scheme, despite delays in building their new homes due to coronavirus. Woohoo! Get comfy babe. Under the current scheme, new homes would need to be finished being built by the end of December. The extension means the deadline now moves to 28 February 2021. Little bit of breathing room always helps. (However, the deadline for the legal completion of the sale will remain the same – 31 March 2021. Do also bear in mind that this announcement from the UK Government, may not be similar to schemes in Northern Ireland, Scotland or Wales.)
If you missed our snazzy little article detailing the Green Homes Grant of late, then get reading! For the TLDR lazy beasts out there, basically you can get some sweet green money to make your home more efficient. Yes, a £2 billion insulation scheme has been announced by the government as part of a bigger project that intends to cut emissions across the UK. In this scheme, homeowners will receive financial incentives in the form of vouchers of up to £5,000 for improvements that will save energy. Some of the lowest income households might be able to receive up to £10,000 in vouchers. Wowee. It’s really worth a punt, particularly if you’re feeling the pinch – in the weather and your pocket.
Winter is coming, the geese are getting fat, but that doesn’t mean you cannot buy a flat (or house). Specifically, with us! At Davies & Davies we’re not only wildly good looking and witty as heck, we also sell properties. Who knew? For those of you who haven’t had a good peruse of our houses on offer at the moment, we suggest you take a good old gander while you’ve got some down time and drool over our veritable chocolate box assortment of 1, 2 and 3 beds. We’re a little in love with the Ironworks collection of seven beautifully crafted apartments, each surrounding a verdant central courtyard designed for connection and community. Or if period conversions are more your thing, take a look at our handsome Victorian era three bedroom home on Victoria Road boasting a mix of original and contemporary design throughout. If 24 hour concierge service and new builds take your fancy, we also have some apartments available in the well regarded Tiltman Place, Islington featuring some pretty epic London rooftop views. Tres romantic.
We think it’s a fantastic and fortuitous time to be on the property hunt, which is a rare opportunity of recent years. If you’re looking to take advantage and have been drooling over our portfolio, why not give us a ring or drop us a line and start the process. It’s worth not beating about the bush in this current climate, so don’t hesitate to get the ball rolling. We’re here to answer your questions, concerns and 3am epiphanies from our usual address. Get on board and get in touch!
Get in touch:
firstname.lastname@example.org – Lettings Director (contact for lettings and property management)
email@example.com – Sales Director (contact for sales, new homes and chartered surveying)
020 7272 0986
Davies & Davies Estate Agents, 85 Stroud Green Road, London, N4 3EG
Article & images by Barefaced StudiosBack to Useful Guides & Insights
Hey there Hans Solo, we’re proud of you. Buying a property alone is no mean feat, and we should know. But it will be incredibly rewarding, particularly if you decide to take our sage advice. No, we’re not suggesting you whip out some actual sage and start burning a hole in the curtains. Thanks to our old chum, Covid, the market has been somewhat quashed – but it won’t be held down. For those of you looking to buy in these times, we proudly raise our hats, readjust our masks and say, you got this. Because the UK property market is coming out the other side of the corona tunnel, and you are too. Read on for our tips, tricks and guidelines to getting on that property ladder without a helping hand.Read More...
So you’ve secured a property, picket fence and all. Your next step before purchasing said dream abode is to alert your solicitor and instruct an independent surveyor. But there’s no need to be f-f-fwightened oh mighty lion! We’re here to break down the somewhat bewildering array of Surveyor’s Reports for your viewing pleasure, and find out which one is best for you in full technicolour. So skip with us, arm in arm along the North London red brick road towards full surveying report enlightenment (hiding just behind that fetching Dunelm curtain).Read More...
You might have been wondering what Rishi Sunak’s 2021 budget means for the property sector and how it affects you. It’s true to say that the financial stability of the UK has historically mirrored the health of the property sector. Last year the market pretty much came to a standstill for a brief period during the early days of the pandemic. However, the introduction of the stamp duty holiday, and other economic measures brought in, have allowed the sector to more or less bounce back. The new 2021 budget continues on this pathway of sustaining the property market. So what does this mean for first-time buyers, homeowners, landlords, tenants and potential investors? Here’s our summary.Read More...
020 7272 0986
85 Stroud Green Road
London, N4 3EG
Mon – Thurs: 0845 – 1815
Fri: 0845 – 1800
Sat: 1000 – 1600
Sun: Appointments by request