Dates for the Property Market Diary 2021

Key dates for the property market diary in 2021:

January 31^st

The FCA ban on mortgage repossessions is due to lift.

March

Budget – Rishi Sunak could raise capital gains tax or promise further support?

March 31^st

Final date for homeowners to apply for six month mortgage payment deferrals.

April 1^st

Help to Buy scheme changes, with only first time buyers eligible and regional caps being introduced.

Foreign buyers pay 2% Stamp Duty surcharge, on top of three extra points if they own a home already.

April 30^th

Furlough Scheme comes to an end, reducing support for up to 10 million people.

Mid 2021

Office for Budget Responsibility expects unemployment to hit 7.5% in the middle of the year.

TBC

Government has promised to abolish ‘no fault’ evictions, which could push more landlords out of the market.

(Source: Sunday Telegraph 3 January 2021)

For further information please contact Ed or Kelly on 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk.