Last year, Rishi Sunak announced that the UK’s Stamp Duty threshold would be increased from £125,000 to £500,000. This move was intended to light a fire under the UK’s property industry. In today’s budget (3rd March), the Chancellor announced that this scheme would be extended until the end of June, 2021.
Until that time, buyers can save up to a maximum of £15,000 on a £500,000 house compared with the previous rates for Stamp Duty. Even first time buyers can still benefit if they buy a home worth more than £300,000 – the previous threshold for anyone buying their first property. If a first time buyer purchases a home worth £500,000 they can save £10,000 compared with the normal rates.
So, let’s take a look at some new developments in London that are offering properties for up the £500,000 threshold. Click on each development to see listings for properties available now.
Don’t take too long to choose though! Remember that the Stamp Duty Holiday now runs until June 30th 2021.
London developments with available homes under £500,000
Discover the new developments in London rated highest for value by residents, or explore some great value developments in east London with our list of the 10 highest rated developments in Stratford.
HomeViews provides verified resident reviews of the UK’s housing developments. We’re working with developers, landlords and the Government to recognise high performers and help to improve standards in the built environment.
