The Budget - What It Means For the Property Market

4th March 2021

The March 3rd budget was a momentous one as the Government set out its plan to deal with what will hopefully be the last months of the Coronavirus Crisis and the beginning of the economic recovery.

There were two specific points of interest for home buyers and sellers. Those looking to find a new home will be able to take advantage of two major financial benefits and sellers can expect a fast paced property market with high demand to continue over the coming months.

Stamp Duty Holiday

With Chancellor Sunak confirming that the stamp duty holiday would be extended until the end of June a major discussion point of the last few months has been laid to rest.

Citing the need to deal with the "huge volume" of transactions that are already in the pipeline the news will be welcomed by many home buyers who have already had offers accepted and are waiting for exchange and completion dates.

For those who have been facing what Sunak described as a "cliff-edge" in terms of getting deals completed before the March 31st deadline it will be very welcome news allowing them to potentially make savings of thousands of pounds.

Due to the number of transactions over the past few months there have also been various backlogs building up, often with surveys, land registry searches or other parts of the process reliant on third parties. We've been particularly busy as we always make sure that we look after our clients all the way on the road from viewing to moving.

However, it's also good news for anyone looking to make a move right now. The extra three months duration for the stamp duty holiday taking it up to the end of June means there's still plenty of scope to find a new home and be living in it by the new deadline.

So more home buyers could easily expect to save as much as £15,000 if they are ready to start searching right away. Get in touch with us today to find out more.

Even after the June date, there will be no stamp duty on properties valued below £250,000 for a further three months, after which the threshold will fall back to its normal level of £125,000.

Mortgage guarantees

More big budget news for new home buyers was the announcement of government mortgage guarantees. This is great news for anyone worried about being able to afford a large deposit in time to take advantage of the extended stamp duty holiday.

Home buyers for properties which are valued up to £600,000 could qualify for help in arranging mortgages of up to 95% of the purchase price and this will be available starting from next month.

Our mortgage specialist Stuart will be able to help you take advantage of this new government initiative - get in touch today and get everything in place to make the most of this offer and the stamp duty extension too.

Testimonials

  • Very impressed with all dealings with Maslen. Paula Carter was in particular very knowledgeable and helpful. 

    Mr McBlane Hove

  • Best Agents in Brighton.

    Mrs Field Tarner Road

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

  • Very pleased with the service. Many thanks to Sharon and the boys!

    Mr Flynn Woodingdean

  • All the staff I dealt with were excellent. Sharon worked really hard to complete the sale.

    Mrs Bent Falmer Gardens

  • Sharon was excellent - kept us well informed, thank you so much!

    Ms Waters Cowley Drive

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

  • Very impressed with the service. Sharon Wareham works tirelessly, very professionally and is always there for advice. 

    Miss Matthews Kipling Avenue

  • Very comprehensive and professional. Nice people to work with and highly recommended. 

    Mr Alderton Ladysmith Road

  • Nick and Paula are total stars! They were incredibly supportive and present throughout. Thank you!

    Miss O'Haire Hove

  • I found the service to be courteous, friendly and efficient.

    Mr Upton Buller Road

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

  • Excellent customer service throughout. I will definitely recommend you, and use you again. Thank you.

    Ms Longley Kingsbury Street

  • Ben and Paula were calm and reassuring throughout a very difficult process!

    Ms Easterbrook Bear Road

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

  • Very pleased with the experience. I would definitely recommend you and use you again.

    Ms D Edmonds Horton Road

  • Extremely efficient. Nick and Paula are excellent. The weekly phone calls were much appreciated. 

    Ms Gray Lewes Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

  • The team worked very hard over a long period to ensure my sale went through - excellent service!

    Mr Patrick Gladstone Terrace

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

  • Thanks for an excellent service. 

    Mr King Hove

  • Very pleased with the excellent service throughout. Professional, friendly, efficient and no hard sell. Achieved above asking price. Thank you!

    Mr Witten Lewes Road

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes Road

  • Paula was fabulous and we felt really informed and supported. 

    Mr & Mrs Walker Lewes Road

  • A good team at Woodingdean helped us through a stressful time.

    Mr & Mrs Penton Sycamore Close

  • A very positive experience - I had most contact with the Fiveways office and they were so friendly and helpful.

    Ms A King Balfour Road

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton Road

  • It was an amazing experience, everyone involved were fantastic. 

    Mr & Mrs Knight Woodingdean

  • Exceptional service throughout the process - should we decide to sell in the future we wouldn't hesitate to use your agency. You're a cut above the...

    Ms Windels & Mr Barham Fiveways

  • Cannot express our appreciation enough of all the efforts made by the Woodingdean team - they were fantastic.

    Mr John Mogridge Woodingdean

  • An efficient, professional and friendly service. Helpful and a pleasure to do business with.

    Mr Beddington Brading Road

  • The whole team were very committed from start to finish.

    Mr Pilgrim Lewes Road

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • Sharon, Harvey and James were all excellent - very professional. Totally opposite to what I have experienced with other agents. Maslen have restore...

    Ms Lyons Woodingdean

  • Paul Wilkinson was extremely helpful and efficient. The only problem was the vendors solicitor and Paul warned me of this. A good transaction all r...

    Mr Lavender Fiveways

  • Sharon and her team could not have done more in what was a difficult sale. 

    Ms Daly Woodingdean

  • It was a long, drawn out process that the people at Maslen helped me through, without the impression that it was a chore. So extremely professional...

    Mr McLagan Lewes Road

  • Excellent service from the Lewes Road branch. Martin Timms secured a quick sale & at a good price & Paula Carter worked really hard to secure...

    Ms Schulte Bear Road

  • Brilliant. Well done to Sharon and the Woodingdean team.

    Ms Curtis The Ridgway

  • The whole team were excellent, each one of them felt like family. Sharon had a lot of sorting to do at times but coped very well, a true profession...

    Mr Vernon Woodingdean

  • Thank you for everything!

    Ms Tucker Willow Close

  • Superb service as usual, I would always recommend you.

    Ms S Hike Blackthorn Close

  • We were very pleased with services provided by the Fiveways office.

    Mr & Mrs Sawyer Shaftesbury Road

  • Quality advice about when and how to sell, which was spot on. Thank you.

    Miss Coleman Buller Road

  • Service exceeded my expectations overall at all stages of the process - I wouldn't hesitate to recommend you. Thanks. 

    Ms Greene Lewes Road

  • A very committed team who made the sale process very easy.

    Ms Rees Ticehurst Road

  • Our local office manager, Sharon Wareham was warm and friendly and kept us up to date at all times.

    Mr Hope The Brow

  • Excellent service as always

    Mr Field Ringmer Road

  • You were amazingly helpful throughout - a real pillar of strength with a very difficult sale.

    Mrs Parkin Fiveways

  • Many thanks to Nick. It was an easy process thanks to you! I'm extremely satisfied with how the sale went, great job.

    Ms Mayanobe Aymer Road

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes Road

  • Very happy with the service we got from you guys, everyone we dealt with was extremely friendly, professional and helpful. Thanks!

    Mr Brown Titian Road

  • Sharon was excellent, she kept us informed at all stages and was a really calming objective influence in the process.

    Ms Frederick Channel View Road

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket Road

  • Graham Griffin provided us, and continues to provide us, will all-round excellent advice. We trust his knowledge and expertise.

    Mr Blackmore & Ms O'Sullivan Financial Services

  • Excellent communication and advice throughout. It felt very reassuring to be in good hands.

    Mrs Brooker Buller Road

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

  • In February 2016 I was looking to buy and sell very rapidly. Competition among buyers at the time was very high. Sharon @ the Woodingdean branch sh...

    Ms Helen Lyons Woodingdean

  • The staff were very helpful, an excellent service. I would recommend you to others.

    Miss Hockly Fiveways

  • Sharon was amazing! She kept us up to date the whole way through the process. We cannot fault Sharon or the rest of her team. 

    Mr & Mrs Ashley Woodingdean

  • We cannot recommend Maslen's estate agents enough.

    Many thanks to Paul, Donna, Janette and the...

    Linda & Les Wigmore Close

  • Thank you. We found all the staff knowledgeable and really pleasant to deal with. 

    Ms Ansloos Lewes Road

  • We were very impressed with the Nick from start to finish. 

    Mr & Mrs Smith Lewes Road

  • Very impressed with the efficient and friendly service, the staff were a pleasure to deal with. 

    Mr & Mrs Gill Lewes Road

  • Great service, always polite and friendly. Excellent contact and info all the way.

    Mr Wells Bishops Road

  • Maslens as a whole were really friendly and professional. I have to thank and congratulate Paula Carter for being superb at her job and exceeding m...

    Ms Warren Hove

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

  • I was new to the area and viewed a lot of properties with a lot of different agents. Maslens were by far the best I came in contact with, so when i...

    Mr & Mrs Heer Lewes Road

  • Paula's role was brilliant. Having someone office based and available was so appreciated and her promptness an impressive service - every Estate Agent...

    Ms Wynn-Jones Baxter Street

  • Paula is amazing!

    Ms Aspnall Gladstone Place

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • From start to finish the sale was dealt with in a thoroughly professional manner.  

    Mr Gibbs Lewes Road

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

  • A really good experience.

    Mr Tibble Lewes Road

  • Outstanding service from Sharon. James is an asset to Maslens & Harvey was so helpful and polite.

    Ms Cianchetta Selhurst Road

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • I wish we had used you to sell our property! Nice to meet honest people, who are genuinely interested in helping. Very pleased.

    Mrs Porter Taunton Road

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • Fantastic service. By far the best agents we have ever used, I cannot recommend you highly enough.

    Mr Field Mafeking Road

  • All very professional, kept updated throughout. Very pleased - Would recommend. 

    Mrs Hammond Hove

  • Harvey was helpful and easily reachable at the beginning of the process and Sharon kept us informed and was always happy to help.

    Ms Murch & Ms Mapa Ticehurst Road

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

  • We were delighted with the service received from all the staff with whom we had contact,

    Dr Crichton The Ridgway

  • Sold within 2 weeks for asking price "excellent!"

    Mr Grundy Bishops Road

  • The sale was dealt with swiftly, professionally and successfully. Thank you Maslen!

    Mrs Lincoln Hove

  • Ben was particularly enthusiastic and helpful. Martin, Paula, Sam and Will are all hard workers.

    Ms Goodey Franklin Road

  • Very impressive - professional and friendly, both Martin Timms and Paula Carter were excellent at keeping in contact with sensible advice based on...

    Mrs O'Connor Hove

  • All agents at Maslen were extremely helpful and polite from the beginning to the completion of sale. 

    Mr Johnson Fiveways

  • I have bought and sold 7 properties, and this was the best experience of an estate agents services I have found.

    Mrs Shepherd Hertford Road

  • Very, very happy we chose you, felt right from the start! Thank you!

    Miss Blackadder Coniston Court, Holland Road

  • Best Estate Agents ever experienced - professional, approachable, competent and exemplary. 

    Mr & Mrs Guest Riley Road

  • A completely painless experience from start to finish. Thank you.

    Mr Woolven & Mrs Bessant-Woolven Lewes Road

  • Thank you Paul and Archie, you gave an excellent service, as well as Kelly. I look forward to working with you again. 

    Mr White Fiveways

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