PRESS RELEASE 
16 SEPTEMBER 2020


TIMELINE EVERY BUYER NEEDS TO SEE


London real estate investment advisory firm issues a timeline showing how to optimise Stamp Duty Land Tax (SDLT) savings
London Central Portfolio (LCP) has produced a timeline informing buyers what needs to be done from now to 31st March 2021, when the temporary SDLT holiday ends and the additional rate commences.

Andrew Weir, CEO of LCP, comments “Whilst there is currently sufficient time, we are advising clients to act now to secure good quality stock and benefit from the SDLT holiday. To be eligible, and save up to £15,000, buyers must complete their purchases by midnight on 31st March 2021. We also expect that from 1st April 2021 the previously announced additional 2% Stamp Duty surcharge will be payable by overseas buyers.”

First time buyers, home movers and investors alike are looking to take advantage of the temporary SDLT holiday announced by the Chancellor in his Summer Statement, to help stimulate the UK economy in the wake of the national lock-down. Weir adds “We expect to see a rise in the volume of transactions in Prime Central London (PCL) as we did in March 2016, the month before the introduction of a 3% SDLT surcharge on additional property purchases.”
  • Volume of transactions in PCL increased by 145% in March 2016 compared to March 2015.
Source: LCP Analysis of HM Land Registry UK House Price Index data.
Autumn is a relatively short selling season; those wanting to agree a sale before the end of the year are likely to have their properties on the market for sale this month. Buyers should contact LCP with their search and budget requirements now before pent-up demand is fully released.

The attraction of PCL as a safe haven alternative asset class for overseas investors remains as relevant now as ever. The opportunity to acquire at bottom of market pricing ahead of SDLT rises combined with attractive sterling exchange rates and all time low interest rates is a compelling call to action. 

LCP targets heritage properties typical of PCL for its clients. These are unique, much in demand and with added value potential through renovation and reconfiguration. This contrasts with other parts of London where there is an oversupply of commodity style expensive new build units. 

LCP’s ‘black book’ of contacts not only allows private clients exclusive access to properties before they are put on the market but its one stop service means that everything is handled seamlessly. LCP provides in-depth financial analysis for every recommended property at viewing stage, a unique offering in the property market. Each element of the process from acquisition and refurbishment to projected rents and running costs is considered. So investors and home movers know exactly what their commitments and returns are before making what is a significant investment decision.
 
- ENDS -
For more information please contact:
Andrew Weir, Chief Executive by email: andrew@londoncentralportfolio.com
Amelia Vevers, PR & Marketing Manager by email: amelia@londoncentralportfolio.com

About London Central Portfolio (LCP)
Established in 1989 by Naomi Heaton, London Central Portfolio (LCP) is an internationally renowned, award-winning real estate investment advisory. A boutique firm assisting its worldwide client base to invest in their own home or the private rental sector in Prime Central London. As one of the UK’s first buying agents, LCP offers a unique end-to-end service including property sourcing and acquisition, design and refurbishment, lettings and property management, all handled in-house. Named one of Spears’ Top Ten London Buying Agencies in 2019, LCP offer a personalised and distinctive service in the central London property market.
Twitter
Website
Instagram