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Budget 2021: An extra 300k house sales could beat new stamp duty holiday deadline after extension

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An extra 300,000 house sales could beat the new June stamp duty holiday deadline – we talk to a buyer set to save £13,750

  • Chancellor Rishi Sunak extends the stamp duty holiday in his latest Budget
  • It applies to the first £500,000 of a home’s purchase price until the end of June 
  • An extra 300,000 home purchases are expected to go ahead before June

Hundreds of thousands of home buyers have breathed a sigh of relief after the Chancellor extended the stamp duty holiday.

As many as 300,000 additional home purchases are expected to now benefit by the end of June deadline following Rishi Sunak‘s announcement.

He said in the Budget that the stamp duty holiday will continue to apply to the first £500,000 of a home’s purchase price until June 30, 2021

It will then taper off, applying to the first £250,000 until the end of September, before returning to £125,000 at the beginning of October.

The purchase of this home in central Cambridge (by Rhiannon Davies and her partner Harry Lewis, pictured below) should now be tax-free following the stamp duty holiday extension

The purchase of this home in central Cambridge (by Rhiannon Davies and her partner Harry Lewis, pictured below) should now be tax-free following the stamp duty holiday extension

We could save £13,750 in tax 

Pictured: Rhiannon Davies and Harry Lewis are relieved at the stamp duty holiday extension

Pictured: Rhiannon Davies and Harry Lewis are relieved at the stamp duty holiday extension

Rhiannon Davies, 25, a first-time buyer, is buying a house with her partner Harry Lewis. 

She is hugely relieved at hearing about the stamp duty extension as it will save them £13,750. 

The couple are in the process of buying a house (pictured above) in central Cambridge through Cheffins estate agents for £425,000.   

Miss Davies said: ‘The extension of the stamp duty holiday is hugely reducing the stress of our property purchase.

‘We are currently in rented accommodation and one of our main issues has been the potential overlap between the two properties, meaning we would have to pay both rent and our mortgage which would have been a nightmare financially.

‘The announcement of this reduction in the tax though means that we don’t have to panic quite so much when it comes to timings. 

‘We were hugely stressed about being able to complete on our sale by the end of March, particularly if a hiccup had happened along the way, which would have meant we would have missed the March 31 cut-off date. It really is a relief for us.

‘Also, the financial benefit of the stamp duty extension means that we will now have the budget to make the house our own. We can get a new sofa, change the carpets and buy some new furniture which I am now really looking forward to.’

The Chancellor had been widely tipped to extend the stamp duty holiday, which was due to expire at the end of this month.

It followed concerns about the property transaction pipeline being jammed amid pent up demand in the property market.

The property market was briefly closed last spring in the first lockdown caused by the coronavirus pandemic, with people told not to move house unless it was absolutely essential. 

The stamp duty holiday was then introduced in July, generating added momentum to move home due to its time limited nature.

It was feared that there would be a cliff edge where thousands of house sales would collapse due to buyers being unable to afford to go ahead with the additional stamp duty costs once the tax holiday ended in March.

The gradual lowering of the stamp duty threshold by the Chancellor in July and October aims to address these fears.

Property website Rightmove said the stamp duty extension would see an extra 300,000 home purchases get through with a tax break before June.

And it suggested that 45 per cent of all properties bought from July to September would be exempt from stamp duty.

Rightmove’s Tim Bannister said: ‘This three-month extension will come as a huge relief for those people who have been going through the sales process since last year and were always expecting to make use of the stamp duty savings.

‘Our recent data shows one in five sales that were agreed in the same month the stamp duty holiday was first announced in July last year still haven’t completed, so this additional time will make a big difference to help those stuck in the logjam complete their purchase in time before the new end of June deadline.’

Nick Leeming, of estate agents Jackson-Stops, said: ‘It is excellent news that the Chancellor is extending the stamp duty holiday in this way, thereby saving thousands of transactions that are currently at risk due to the logjam in the market and reducing the potential of another cliff edge later this year.

‘The announcement of a phased approach to the holiday’s end until September is particularly welcome at this point in the year as we enter a traditionally active period in the market. This will provide certainty to buyers over coming months and will safeguard against transactions falling through in a few months’ time, giving the market the best chance of thriving in the long term.

‘The stamp duty holiday has been incredibly effective in supporting the market through these challenging times.’ 

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Ulster maintain 100 per cent European start with Northampton win

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Northampton Saints 20 Ulster 24

Ulster maintained their 100 per cent start in the Champions Cup and booked their place in the last-16 of the competition with a win over Northampton Saints that will have perhaps offered Andy Farrell a reminder of the talents of Mike Lowry.

The uncapped fullback, who trained with the Test side last summer, was in supreme form at Franklin’s Gardens, scoring two tries and earning player of the match honours in the 24-20 win.

Dove-tailing brilliantly with the fit-again Robert Baloucoune here, Lowry’s fleet footed breaks from deep were more than the English opposition could handle.

Coming in without Iain Henderson, John Cooney, Stuart McCloskey and Jacob Stockdale, the odds didn’t seem particularly weighted in favour of the northern province, all the more so when the Saints’ team selection confirmed they were not one of the sides taking a laissez faire attitude to European competition after a stuttering start.

The visitors have been made of sterner stuff on their travels under Dan McFarland though and their record against English opposition is impressive.

This 11th win in the last 13 attempts against Premiership sides saw Ulster start and finish the first half in the ascendancy with a brief Saints purple patch in between.

Coming off such a deflating performance against the 14 men of Munster in Thomond Park a week ago, there was no sign of a hangover when Robert Baloucoune smartly snuck in for an early try. The Irish wing, back from injury just in time for the coming week’s Six Nations squad, reacted the quickest to the bouncing ball and powered in between the opposing wing and fullback to finish strongly in the corner.

Remarkably, Ulster’s next two scores would similarly come from looking sharper when the ball spilled to the deck. Mike Lowry stooped and scooped in one motion when Rory Hutchinson couldn’t gather his own kick, allowing Baloucoune to send Doak under the posts.

And it was the fullback again showing his smarts when he capitilised on the confusion in the Saints backfield after Billy Burns had sent a chip over the top intended for Stewart Moore.

In between the latter two of those three first half tries Dan Biggar added a try, conversion and penalty for the hosts but Ulster will have been more than happy with their first 40 minutes in the English midlands.

When Lowry knocked on under no pressure to start the second half it opened the door for the Saints to force a penalty which Biggar kicked to cut Ulster’s lead to just one score.

And so it remained, nervously for the visitors, until the hour mark.

They first looked set to secure the try bonus with a penalty knocked into the corner but Saints would halt their maul without much ground gained with Lawes completing the job with a turnover soon after.

When Kieran Treadwell gathered a high ball and sent Mike Lowry haring up the touchline, the fullback looked an even better bet to get that all important fourth score but he too was halted short, illegally so by Alex Mitchell who was sent to the sin bin.

Ulster used the stoppage to spring Ian Madigan from the bench but the Saints read his dummy kick to the corner and were alert enough to smother him off the tap and go.

Errors looked to be creeping in for Ulster at the most unwanted of times but Nick Timoney secured a key turnover at the breakdown and, on the hour mark, Ulster finally got over the line again.

Again Baloucoune and Lowry were the ones providing all the cut and thrust. It was the winger who broke a tackle and somehow got his arms free to send Lowry clear for the game’s most crucial score.

Mitchell would return soon after but as the minutes ebbed away, so too did the chances of Saints derailing Ulster’s charge to the last 16 even if Rory Hutchinson’s late score ensured the need for one last defensive stand.

Scorers: Northampton – D Biggar, R Hutchinson tries; D Biggar 1 pen, 1 con, G Furbank 1 con. Ulster – R Balacoune, N Doak, M Lowry (2) tries; N Doak 2 cons.

Northampton Saints: G Furbank; C Skosan, T Litchfield, R Hutchinson, T Collins; D Biggar, A Mitchell; A Waller, S Matavesi, E Painter; D Ribbans, B Nansen; C Lawes, L Ludlam, T Harrison.

Replacements: A Ratuniyrawa for Nansen (40 mins), J Augustus for Harrison (56), E Iyogun for Waller (60 mins), A Coles for Lawes (64 mins), T Freeman for Biggar (67 mins), J Fish for Matavesi (71 mins), K Garside for Painter (71 mins), T James for Mitchell (76 mins).

Ulster: M Lowry; R Baloucoune, J Hume, S Moore, E McIlroy; B Burns, N Doak; A Warwick, R Herring, M Moore; A O’Connor, K Treadwell; M Rea, N Timoney, D Vermeulen.

Replacements: E O’Sullivan for Warwick (15 mins), I Madigan for Burns (56 mins), T O’Toole for Moore (58 mins), S Carter for O’Connor (58 mins), D Shanahan for Doak (58 mins), G Jones for Rea (67 mins).

Referee: P Brousset (France).

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Djokovic violated Australia’s highest national value – a ‘fair go’

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Every few years, a celebrity tries to test out the Australian border and in a nationalistic show of strength they are sent packing.

To the outside world it might seem from time to time that Australia chooses a celebrity to sacrifice at the altar of sovereignty. It must seem we make an example out of them, to scare everyone else off lying on their immigration forms and from smuggling forbidden, squashed fruit from the aeroplane meal into the country.

Things got a bit heated back in 2015 when Johnny Depp and Amber Heard sneaked their dogs into the island nation with a delicate ecosystem and a fondness for biosecurity. It escalated when the now deputy prime minister Barnaby Joyce threatened to have the dogs put down.

Depp and Heard ended up copping a fine, complying with procedures and were made to film a video apologising to Australia in a performance as natural and warm as a hostage proof of life tape.

Depp eventually turned around and said Joyce looked like he was “inbred with a tomato”, but only after he was safely back in the US, like the notable big man he is. Deputy PM Joyce recently shot back in trademark eloquence calling Depp a “deadshit” live on national breakfast television.

Citizens of other (more boring) countries might be dismayed that their national 2ic would trade verbal blows with Captain Jack Sparrow. Not Australians though, who are taught in high school that our economy and trade could be threatened by an outbreak caused from improperly imported fauna and flora. We said “Good onya Barnaby” for applying the rules fairly and squarely, regardless of stardom.

There was broad support for his actions at the time, just as there has for the cancellation of Novak Djokovic’s visa. There has been a lot of legal wrangling involving the Balkan bad boy of tennis, who is now to be deported, but for Australians the stoush was really over one thing: did he try to get around the rules?

There’s a lot of overseas analysis around the Australian public and the political will behind pursuing the case against the tennis star. After all “Djoker” (Jock-a), as he’s known here, is one of the biggest crowd-drawing players at the Australian Open, a banner event in a country where sport is the default religion. Why not let this one slide?

It’s being said that Australians just love rules. But I think this is over simplistic. What Australians actually love is fairness. In past surveys Australians have listed “fairness” and getting a “fair go” as their highest national values. There is an expectation that it doesn’t matter who the person is, they should be treated equally. We hate special treatment, particularly when it’s a public figure appearing to bend the rules the rest of us are following.

In Ireland sometimes there is the ‘ah here, sure look, go on ahead’ approach. This can be a publican letting patrons stay for a sneaky lock in, the bus driver letting you on when you don’t have correct change, but also includes say a person keeping their high-profile job after attending a certain golf function.

Rules in Ireland are bent for people we know, just as we give jobs, rentals and sometimes vaccines to people we know, in the name of “helping out”. This is seen as a positive thing by those receiving the favour, and “nepotism” by others.

Of course, Australia also has favouritism and nepotism but we like to think we don’t. Rules equate to fairness. Everybody has to be inconvenienced equally. Someone trying to get around rules when the rest of us are stuck following rules, even if they’re ones we hate, deserves to be punished.

Covid-19 has exacerbated the situation. No one is enjoying Covid rules. “I am doing the right thing, and it’s deprived me of joy just so this utter tiprat next to me can ignore them at will” is the angry thought rattling around in our rage filled brains.

Australians have not forgotten the 40,000 or so “stranded Aussies” who remained stuck overseas thanks to strict border controls during the pandemic. Those who did not get to see dying parents or hold their own children. A multi-millionaire tennis player seemingly looking for a loophole to hit a ball about for a few weeks because he refused to be vaccinated was never going to go down well.

When Djokovic stayed at the Park Hotel, the only people who might have been happy to see him were the asylum seekers who have been held there for years by the Australian Government while they await processing. They made signs and waved to TV cameras, hoping to draw attention to the “rules” keeping them locked up without an end in sight.

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Interiors trends for 2022: It’s all about vibrant designs and natural textures

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Some home trends last the course (think sustainable design and open-plan living), while others are, thankfully, fleeting (goodbye matching furniture and round beds). 

But there are a few we can count on to stay the distance this year.

So here’s what we think will be in vogue for the next 12 months.

Jaunty: A striped armchair. Curves, spheres, lozenges and circular silhouettes reflect our current desire for a greater sense of flexibility in the way we merge work and play

Jaunty: A striped armchair. Curves, spheres, lozenges and circular silhouettes reflect our current desire for a greater sense of flexibility in the way we merge work and play

Soft shapes

Curves, spheres, lozenges and circular silhouettes reflect our current desire for a greater sense of flexibility in the way we merge work and play.

‘You can expect to see more organic shapes coming to the forefront in terms of furniture,’ says the Dining Chair Co’s Amanda Huber. 

‘Curved designs feature softer lines, creating a less strict and more informal setting.’ Check out the gracious shape of Soho Home’s Luciana sofa, £2,495.

Playful pieces

The latest interiors don’t take themselves too seriously — the idea is to elevate simple materials or use them in a creative way.

Think wide, jaunty stripes on an overscaled armchair (take a look at Buchanan Studio’s Studio chair, £2,394, for inspiration), half-length linen café curtains used as cupboard skirts, and trims, tassels, bobbles and fringing on curtains, lampshades and upholstery. 

Relaxed, unfitted kitchens also feed into this look: Buster + Punch’s latest foray into freestanding cabinetry is designed to easily adapt to lifestyle shifts.

Earthy: Bold, natural colours are set to have a resurgence in our homes next year

Earthy: Bold, natural colours are set to have a resurgence in our homes next year 

Colour confidence

More of us are experimenting with colour — whether that’s mixing bold primary tones, colour washing our walls or choosing confident finishes such as all-gloss or soft plaster. 

Warm hues and nature’s tones are set to prevail, from rich terracotta and sand to olive and deeper greens.

This calming, earthy palette suits our renewed connection to nature during the ebbs and flows of the pandemic, when ‘home’ has become a byword for sanctuary. Look out for calming and uplifting bright blues.

Handcrafted appeal

Items that feature the hand of their maker inject individuality, such as the beautifully detailed pieces of Galvin Brothers: the Bobbin Side Table, £375, or the Fluted Cabinet, £4,800, both future design classics, which take inspiration from the shape of ancient columns.

Introduce handcrafted appeal through lighting, too. Susie Atkinson’s Plato lamp bases, inspired by 1940s conical leather lamps, are coated in high gloss colours. They work well with a hand-painted or trimmed shade; Rosi de Ruig’s are a timeless option, priced from £60.

Swish: Bert & May¿s Ric Rac tile from designer Samantha Todhunter

Swish: Bert & May’s Ric Rac tile from designer Samantha Todhunter

Mindful design

Lessening our impact on the planet remains key. 

‘Sustainability is not a trend, but a key design principle,’ says Kelling Designs’ Emma Deterding. 

‘It’s about changing our mindset to embrace upcycling, reupholstering and repairing.’ 

This also translates into buying fewer but better pieces and researching provenance.

‘Seek out items made from recycled materials, such as outdoor furniture produced from recycled aluminium, upcycled fabrics or fabric leftovers for upholstery, and recycled glass for tableware and tops,’ says interior designer Claudia Ludwig.

Flexible living

With many of us required to work from home at a moment’s notice, our living spaces need to accommodate relaxing, escaping, cooking and working. So quality joinery is high priority.

‘All of my projects focus on it, from library style shelving and desks to concealed storage,’ says interior designer Louise Robinson.

‘Another trend that has become hugely popular is open-plan layouts and indoor/outdoor living, which is set to continue as we try to reclaim our homes from pandemic living,’ says Fionnuala Johnston, senior home designer at John Lewis.

Try textures

The trick is to look for less obvious ways to introduce these familiar elements. Try opting for warm oak internal doors rather than ubiquitous Crittall; lining front door surrounds and frames with richly veined marble or using tactile Zellige tiles in bathrooms and kitchens.

Check out Bert & May’s new Ric Rac collection with designer Samantha Todhunter, whose pattern is inspired by the ric rac ribbon she used to sew onto the Spanish dancing skirts she made as a child.

Global interiors

Armchair travel is on the rise as many are reluctant to take risks.

That translates to confident interiors that are embracing global design motifs, from deeply pictorial wallpaper such as Osborne & Little’s Portovenere, featuring retro Ligurian village scenes, £94 per roll, to patterned flora and fauna soft furnishings.

Charming ceramics

Spanish and Italian handmade pottery is enjoying a resurgence. See the vintage collection at The Edition 94, from £40 per plate and the range of decorative jugs, plates and dishes by traditional maker Cerámica J. Marín, available at Liberty.

Savings of the week! Winter duvets

Dunelm¿s Fogarty Soft Touch microfibre-filled duvet costs from £17.60 to £35, depending on size

Dunelm’s Fogarty Soft Touch microfibre-filled duvet costs from £17.60 to £35, depending on size

Fuel bills are set to soar. Since turning up your thermostat against winter chills will harm the wallet this year, consider a new duvet, an item on which heartwarming savings are now available,

This will also be an investment in better sleep, improving your health and mood in the morning. 

If you share your bed, a 10.5 tog rating duvet should be sufficiently cosy.

Dunelm’s Fogarty Soft Touch microfibre-filled duvet costs from £17.60 to £35, depending on size, a 20 per cent reduction. 

A kingsize costs £33.60, down from £42. For a little more, you can have the microfibre-filled Feels-Like-Down duvet from bedding store Julian Charles, which costs from £55 to £85, a 50 per cent reduction. 

The Woolroom Deluxe costs from £112.50 after a 25 per cent reduction

The Woolroom Deluxe costs from £112.50 after a 25 per cent reduction

The price of the kingsize is £75, down from £150.

Happy to splurge? Then prices for Marks & Spencer’s Luxury Siberian goosedown duvet start at £192, down 40 per cent.

Should you dream of snuggling up under a British wool-filled duvet, the Woolroom Deluxe costs from £112.50 after a 25 per cent reduction. 

The kingsize is £157.50 down from £210.

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