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    Stamp Duty changes

    By Sara Ransom of Stacks Property Search

    Buy-to-let investors competing with first-time buyers creates a
    ‘mini-bubble’ in the London property market

    Sealed bids are back and cash is king as buyers attempt to close deals
    before the April 1 deadline when stamp duty for buy-to-let homes is
    scheduled to increase. London’s beleaguered first-time buyers are facing a
    fresh challenge: an onslaught of investors swooping on property in a rush to
    beat an increase in stamp duty for buy-to-let homes scheduled for April 1.
    Sealed bids are back and cash is king if you want to close the deal.

    The unforeseen impact has been what buying agent Sara Ransom, director of
    Stacks Property Search, described as a “mini bubble” as investors rush to
    buy property before the deadline, hiking prices and increasing competition
    for first-time buyers already struggling with tough mortgage conditions and
    high deposit demands.

    Read full story here ( Evening Standard website)


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    please call 01594 842880



    If you would like the Stacks Team to help you with your property search, please call 01594 842880


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