Dates for the Property Market Diary 2021 | Granite Building Warranties

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Dates for the Property Market Diary 2021

Key dates for the property market diary in 2021:

 

January 31st

 

The FCA ban on mortgage repossessions is due to lift.

 

March

 

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

 

March 31st

 

Stamp duty holiday comes to an end.

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

 

April 1st

 

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 30th

 

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.

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