Budget announcements specific to the property market from Jeremy Wood Chief Executive at Dudley BS

03 March 2021

Jeremy Wood, Chief Executive – Dudley Building Society

Responding to the budget announcements affecting the property market, Jeremy said,

“There will be relief among buyers and throughout the industry after confirmation of the extension to the Stamp Duty Land Tax holiday. Not only will it help relieve the backlog of cases trying to complete at the end of March, but it will help many more borrowers who are in the process of buying their own homes and keep the property market moving.

We are also hugely supportive of the 95% LTV mortgage guarantee scheme announced by the Chancellor and will work closely with the detail to support a product range where possible.”