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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

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

    Dr Crichton Brighton

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

    Mr Patrick Brighton

  • Maslen's were amazing estate agents. Through,...

    Sarah Goodfellow Brighton

  • As always, an excellent service. 

    Mr & Mrs Field Brighton

  • These guys are the real deal, highly experienced, no nonsense, honest and by far and away the most reliable we have encountered. 

    Sarah Studd Hove

  • The best estate agents we have ever used. Friendly, efficient and above all truthful! You are in danger of giving estate agents a good name!

    Jacquie Ellis-Jones Shoreham

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

    Mr Upton Brighton

  • Excellent Service from start to finish.

    Mr T Mole Hove

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

    Ms Longley Brighton

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

    Miss Hockly Brighton

  • I would recommend Maslen to anyone. 

    Mrs Tripp Brighton

  • In my situation, moving the sale of my home to Maslen Estate Agents really was a case of third time lucky!

    Lise Henderson Hove

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

    Mr Brown Brighton

  • All staff extremely helpful and polite. They made our move very smooth and less stressful.

    Mr & Mrs Gosling Woodingdean

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

    Mr Grundy Hove

  • 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 Brighton

  • Several leagues above any other estate agent I have had contact with. Kept fully informed every step of the way.

    Paul Cade Haywards Heath

  • Donna was our vendors sales progressor. We cou...

    Allan Da Silva Brighton

  • The team provided the best service I have ever received from an estate agent. I would not hesitate to recommend them to anyone.

    Nicki Myers Woodingdean

  • This was the best experience I’ve ever had of estate agents. Professional, calm and understanding.

    Elinor James Hove

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

    Mr Wells Hove

  • Please thank Paul at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Brighton

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

    Miss Blackadder Hove

  • All the staff were professional, cheerful and supportive throughout the long process.

    Mr R Turner Shoreham

  • Your advice, support and understanding whilst dealing with the property were invaluable, making everything so easy.

    Janine Suttner Brighton

  • You are the best estate agent I have ever dealt with and we will be recommending you to anyone moving!

    Hazel Young Hove

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

    Ms Rees Brighton

  • Maslen's were extremely helpful and profession...

    Bridget Allen Brighton

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

    Mrs Hammond Brighton

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

    Ms S Hike Brighton

  • Very polite, good communication, excellent service.

    Alicia Van der Sluis Surrey

  • I found everyone helpful, positive and courteous.

    Jean Wooldridge Evesham

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

    Mrs Brooker Brighton

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

    Mr & Mrs Guest Brighton

  • A really good experience.

    Mr Tibble Brighton

  • Really pleased with the service and will definitely recommend to others.

    Ruth Kendall Brighton

  • Best Agents in Brighton.

    Mrs Field Brighton

  • 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 Brighton

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

    Mr Beddington Brighton

  • Delighted with the service provided. Very professional and skilful.

    Nicky Conlan Hove

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

    Mr Woolven & Mrs Bessant-Woolven Brighton

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

    Mr Gibbs Brighton

  • Excellent service as always

    Mr Field Brighton

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

    Mr Field Brighton

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

    Mr Pilgrim Brighton

  • Donna was such a friendly and helpful support...

    Victoria Lander Brighton

  • Paul was absolutely brilliant. 

    Mrs Tasker Brighton

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

    Mr & Mrs Knight Brighton

  • Maslen made the selling of my flat as easy as...

    Victoria Bradley-Barnard Brighton

  • Thank you Maslens, you were all excellent!

    Miss Jasper Brighton

  • Thank you for your service, I would (and have) recommended you to my friends.

    Liz Dean Brighton

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

    Mrs Lincoln Brighton

  • Estate agents generally have bad reputations b...

    Dan Harris Brighton

  • First class service from a first class team.

    Mr & Mrs English Brighton

  • 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 Brighton

  • Already recommended you! Thank you.

    Mr Edwards Brighton

  • In what could have been a very stressful situation it has been a pleasure dealing with you and I can’t speak highly enough of the service provided.

    Gill Frost Hove

  • From first valuation to completion day the Mas...

    Sam Brighton

  • Maslen's were very good at keeping in touch an...

    Penny Ashby Brighton

  • Very thorough & very informative.

    Mr Michnowicz Brighton

  • Good team. Straightforward. No nonsense.

    Mr Standing Brighton

  • First class service. Friendly and professional.

    Mr Thorne Brighton

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

    Mrs Shepherd Brighton

  • Everyone at Maslen's were amazing, from Sam's...

    William Slingsby Brighton

  • Thanks for an excellent service. 

    Mr King Brighton

  • Very professional and friendly. The only estate agents I would trust and recommend.

    Jean Hurley Brighton

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

    Mr Witten Brighton

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

    Mr Johnson Brighton

  • Thanks for all your help and assistance. Very friendly and professional service.

    Lisa Downary Brighton

  • Thank you to all the team at Maslen, especiall...

    Gabrielle Gardner Brighton

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

    Miss Coleman Brighton

  • Very helpful and patient team.

    Mrs Shea Brighton

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

    Mr & Mrs Gill Brighton

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

    Mrs Parkin Brighton

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

    Ms Ansloos Brighton

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

    Ms Greene Brighton

  • 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 Brighton

  • Thank you for everything!

    Ms Tucker Brighton

  • Had a great experience with the purchase of ou...

    jennifer Willson Brighton

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

    Mr Alderton Brighton

  • Compared to your rivals, your service was excellent

    Ms McGrigor Brighton

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

    Ms D Edmonds Brighton

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