Sunak extends stamp duty holiday to end of June

The Chancellor told the House of Commons that the extension will now end on 30 June, adding there would be a "government guarantee" on mortgages with a deposit of 5%. "The cut in stamp duty I announced last summer has helped hundreds of thousands of people buy a home and supported the economy at a critical time. But due to the sheer volume of transactions we're seeing, many new purchases won't complete in time for the end of March." He added: "Then, to smooth the transition back to normal, the nil-rate band will be £250,000 - double its standard level - until the end of September and ...