Spring Budget 2021: Sunak extends stamp duty holiday to end of June

'Government guarantee' on mortgages with 5% deposit

Chancellor of the Exchequer Rishi Sunak has extended the stamp duty holiday until the end of June in today's Spring Budget.

Speaking on Wednesday (3 March), 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 ...