11 Sep

Now is "absolutely" the right time to buy

Now is "absolutely" the right time to buy

Using Simon Cowell's terminology, now is "absolutely 110 per cent yes" the right time to buy a new house, one property expert has asserted.

Paul Smith, chief executive of haart estate agency, which sells thousands of UK properties every week, said that he recommends buying now because house prices and mortgage rates being are low and there is likely to be a rush to beat the end of the stamp duty holiday at the end of the year.

His comments follow the launch of a new national government campaign to help struggling homeowners take control of their finances and make the most of the support available for them to avoid repossessions and stay in their homes.

"The stamp duty deadline will coincide with the VAT rate rising to 17.5 per cent, pushing up the cost of buying once more as the government turns to increased taxation to plug its fiscal black hole," warned Mr Smith.

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