You Had Me at Stamp Duty. Why House Buyers Are Hot Property Right Now

If There’s Any a Time to Buy a House, It’s Now

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.

A D&D Styled Illustration of a Couple Buying a House Sold by Davies & Davies.

Hey There Hot Stuff

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.

Sealing the Deal

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!

A Property in Crouch End, An Area Served By Davies & Davies Estate Agents.

Why Don’t You Stay a While?

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.)

You Lean, Green, Climate Loving Machine

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.

The Living Room of a 1 Bed Maisonette Currently For Sale in the Creatively Imagined Ironworks Yard, Sold by Davies & Davies Estate Agents.

Ready to Take the Plunge? We’ve Got You

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.

Time to Take Advantage

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: – Lettings Director (contact for lettings and property management) – 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 Studios

Back to Useful Guides & Insights
A illustration of two friends who purchased a house together moving in their personal possessions in the property with there pet cat in the frame
How to Navigate Buying a Property with Family or Friends

As the old saying goes, ‘a friend is one who overlooks your broken fence and admires the flowers in your garden’. But what about a friend who buys said fence and garden with you and helps spread the mortgage costs? Now that’s a true friendship. Whether it’s your partner, brother or old school pal, there are many benefits to joint ownership when it comes to buying property. On the flip side however, you’ll find a few pitfalls to avoid and prepare for should you decide to make a joint investment. Here’s how to make it work, team work style.

A illustration of house seen using a magnify glass that makes it stand out from all the rest on the street.
How to Make Your Rental Property Stand Out Online

Turn to the left! Turn to the right! Stop traffic! It’s time to stand out from the, let’s face it, over saturated rental crowd. An audience of potential renters are numbly scrolling as we speak. Gliding their mouse over hundreds of one bed, laminate floored carbon copies and forgetting their own names, never mind their monthly budget or reason to live. Let’s give them something to really get excited about and show your property in its best light / angle. Here’s our handy guide to blasting the competition out of the water. Sashay away!

A illustration of a couple together outside their new property they'd secured with the Government's new 95% mortgage scheme.
95% Mortgages – How Do They Work and Are They for Me?

Score! You’ve landed on Piccadilly with Free Parking and a get out of jail free card. Oh, and what’s this new chance card just introduced? ‘A new government-backed 95% mortgage scheme that helps first time buyers or current homeowners secure a mortgage with just a 5% deposit’. Yes, you read that right. You can secure a mortgage with a mere 5% of the deposit saved. But why on earth would those Westminster back benchers agree on such a thing for the age old property game, particularly in this current financial climate? Well, thanks to a rarely seen but relentless enigma known locally as Corona, lenders have tightened their money belts so hard that first time buyers have all but gone extinct without a board or silver dog to play with…


Get in Touch


020 7272 0986


85 Stroud Green Road

Finsbury Park

London, N4 3EG

Opening Times

Mon – Thurs: 0845 – 1815
Fri: 0845 – 1800
Sat: 1000 – 1600
Sun: Appointments by request




* indicates required

By submitting your details you are consenting to Davies & Davies sending you their newsletter. You can request to have your data changed or removed at any time - please see our Privacy Policy.