A quarter of investors in the UK are planning to take advantage of the stamp duty holiday, according to new research from FJP Investment.
The investment firm commissioned an independent survey of 900 UK-based investors, all of whom have investments and savings in excess of £10,000, excluding the value of their residential property and workplace pensions.
The research found that 24% are planning on buying at least one property to take advantage of the stamp duty holiday, which is in place until 31 March 2021. This figure increased to 43% for those aged between 18 and 34.
When it comes to real estate, FJP Investment suggested that investors feel more support is needed for homebuyers and property investors beyond the current measures in place. The study showed that 42% say the Government needs to offer additional support to homebuyers and property investors beyond the stamp duty holiday, while 54% of investors said they are in favour of extending the mortgage payment holiday relief scheme beyond 31 October.
The survey also revealed that 54% of investors have lost confidence in Boris Johnson’s Government, based on its handling of the COVID-19 pandemic so far. For investors in London, this figure jumped to 62%.
“Today’s research shows that investors are clearly worried about the long-term financial consequences of the pandemic,” said FJP Investment CEO, Jamie Johnson. “They believe greater support is needed, which is why they want to see the Government build on the policies it has already introduced.
“This is particularly true when it comes to the property sector. As shown from the findings, investors are in favour of policies that allow them better access to new real estate investment opportunities, be it extending the stamp duty holiday, or introducing additional financial relief.
“The pressure is very much on the Prime Minister and Chancellor, Rishi Sunak, to allay these concerns. Boosting investors’ confidence will be vital in order to inject life back into different financial markets and bolster GDP.”
Latest News
-
Tories pledge to scrap stamp duty on primary residencies
-
Economic climate taking emotional toll on three in four consumers
-
IMLA warns Chancellor not to hike taxes in housing market in Budget
-
Lloyds announces full acquisition of SPW
-
IFA enquiries surging in build-up to Budget
-
Three in five cash ISA savers would consider stocks and shares alternative
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories