Great news For Camberley’s First Time Buyers

First time buyers in Camberley, Frimley, Farnborough and other local areas got some great news from the government today.

Stamp duty and land tax has been abolished for properties up to £250k.

This I believe, will kick start a revival in the buying and selling of homes. Certainly I know that my estate agent friends have welcomed the best piece of news for the housing industry in almost 3 years.

According to some industry experts, property prices now more affordable than at any time since in 2003. So Now is a good time to buy.

Now as I mentioned, this proposal is for first time buyers only and so I am guessing that it will be down to the solicitor/coveyancer to do the appropriate checks as I believe this will create a minefield for them as they will have to do all the checks to see if the house-buyers have bought a property before.

So if you are a genuine first time buyer you should have no problems.

Buying a property has become a little easier in the last few months, as there are many more products (mortgages) available, especially if you have a deposit of 10% or more.

I am certainly seeing an increase in not only enquiries about mortgages, but also sales. Meaning that there are more and more people returning to the market and buying properties.

Yes it was a good piece of news today from the Chancellor and it grabbed the headlines, but then there is an election in a couple of months.

If you need any help or advice, please get in touch 01276 670777

Michael