Shawclough & Healey July 2021

LATEST PROPERTY UPDATE
PROPERTY UPDATE
Time is running out on the Stamp Duty Holiday as house prices hit
seven-year high. Tenants and landlords are to receive additional
support as restrictions ease.
STAMP DUTY DEADLINE
With the Stamp Duty Holiday deadline looming, we are advising
those with property sales in progress to push through completion
in order to take advantage of the potential savings, when in a chain.
The deadline for properties valued up to £500,000 is about to
come to an end on June 30th, however those with properties selling
for up to £250,000 have a little more time. The deadline for these
properties is the end of September 2021.
TENANT / LANDLORD SUPPORT
Renters will continue to be supported as national COVID-19
restrictions ease, with longer notice periods in place until at least
October, Housing Minister Christopher Pincher has announced.
As part of a phased approach, notice periods – previously extended
to 6 months as an emergency measure during the pandemic – are
now set at 4 months. Subject to the public health advice and progress
with the Roadmap, notice periods will return to pre-pandemic levels
from October 1st.
The current ban on bailiff-enforced evictions, introduced as an
emergency measure during lockdown, ended on May 31st. The
measures will ensure renters continue to be protected with longer
notice periods for the coming months, while also helping private
landlords who are highly vulnerable to rent arrears.
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