Following the 2021 Budget announcement earlier this week we thought we'd put together a mini-guide to the updates and changes affecting the property market. 


The temporary stamp duty holiday in England and Northern Ireland has been extended by three months. The extension means if you are buying a home up to the value of £500,000 you will not pay any stamp duty if the purchase is completed by 30 June 2021. Then the nil rate threshold will be set at £250,000 until the end of September 2021 before returning to the usual threshold of £125,000 on 1st October 2021. This news is welcomed by many buyers who have seen delays with their sales/purchases delayed.

Currently, the average time for a seller to find a buyer is 65 days, and Rightmove estimates that it is currently taking a further 126 days to go through the legal process to completion. Based on this, they estimate that sellers should be looking to put their property on the market by Tuesday 23rd March if they want to make sure their buyers take advantage of the stamp duty holiday by the end of September.

Why not request a free no-obligation valuation or give us a call on 0117 907 3577 to see if we can help if you are thinking of moving this year.




The government has introduced a 95% loan to value (LTV) mortgage guarantee scheme to help buyers with small deposits get on the property ladder. this will increase the availability of 95% Loan-to-value mortgage products, enabling more households to access mortgages without the need for prohibitively large deposits. Under the new scheme which launches in April home buyers will be able to purchase homes priced up to £600,000 with a deposit of just 5% The Treasury has said it will guarantee parts of the loans on properties worth up to £600,000 in order to encourage lenders to reintroduce low-deposit mortgages. Low-deposit mortgages were mostly withdrawn by lenders during the coronavirus pandemic, meaning many first-time buyers have had to wait and try and raise deposits of 15-20% in order to secure a mortgage.


You can book a free no-obligation consultation with our recommended mortgage advisors - Integra Financial, they are also Bristol-based and offer advice on a wide variety of financial services as well as specialising in mortgages. Call them on 0117 251 0083 or click here

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