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Budget 21: Industry reacts to SDLT extension and Mortgage Guarantee Scheme

Much of the industry expected the measures outlined by Chancellor Rishi Sunak
(pictured) today and some believe the changes will give the property market a much needed “boost” to turn Generation Rent into Generation Buy.
Iain McKenzie, chief executive of The Guild of Property Professionals, said: “The Chancellor gave the property market a double shot in the arm today, with a boost from the stamp duty holiday extension and 95% mortgages.
“Extending the stamp duty holiday until the end of June, then phasing it out until September should help avoid a sudden downturn in prices caused by the much-feared cliff-edge end.

United-kingdom , Iain-mckenzie , Nigel-purves , Nick-sanderson , Audley-group , Mortgage-guarantee-scheme , Chancellor-rishi-sunak , Generation-rent , Property-professionals , Generation-buy , Virgin-money , Buy-guarantee