The Government announced a temporary cut to stamp duty in the summer statement, meaning that from 8 July 2020, anyone purchasing a property in England and Northern Ireland will find that the threshold for paying Stamp Duty Land Tax (SDLT) has increased from £125,000 to apply to properties of £500,000 or more, on deals finalised before 31 March 2021.

The government estimates that “nearly nine out of ten people buying a main home this year will pay no stamp duty at all.” Landlords purchasing buy-to-let properties in England and Northern Ireland can benefit from this temporary change but will still pay the 3% surcharge on properties costing up to £500,000. The potential cost saving from the stamp duty cut may prove tempting for landlords considering entering the rental market, or expanding their portfolio - an influx at just the right time to meet the current strong demand in the rental market.

With this in mind we have scoured the market to find six properties which may be of interest to those of you looking to take advantage of this.....

2 bedroom apartment
Listed Guide Price £155k
Approx Rental £895pcm
Our comment? "Propular location, near good schools Modern and desirable."

Bournemouth Centre
2 bedroom flat
Asking Price £140k
Approx Rental £800/25pcm
Our comment? "Large apartment, good for TC workers."
Bournemouth Centre
2 bedroom flat
Asking Price £140k
Approx Rental £795pcm
Our comment? "Super modern refurb, very appealing to renters."
Christchurch Road
2 bedroom flat
OIEO £175k
Approx Rental £900pcm
Our comment? "Appealing block, ground floor & spacious"
1 bedroom flat
Asking Price £119.950
Approx Rental £600pcm
Our comment? "Recent refurb, parking, good price and location."
2 bedroom flat
Asking Price £180k
Approx Rental £850pcm
Our comment? "Sea views, good communal block facilities."

Additionally if you find something else and would like us to run our eye over and give lettings advice please do call us for a chat on 01202 554470.