Back
Stamp Duty Threshold Announcement: Newcastle Building Society Comment
08 July 2020
In response to the Chancellor’s earlier announcement on temporarily increasing the stamp duty threshold to half a million pounds until 31 March 2021, Newcastle Building Society Customer Director, Stuart Miller said:
“This is fantastic news for people looking to move home or buy a home for the first time and is very welcome news for the housing sector and the jobs within it, which have been so badly affected by the COVID-19 pandemic.
“For the North East in particular, it means that almost 100% of first time buyers will be able to avoid paying stamp duty based on average property prices across the region.”
