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Homes over this value will also see a reduced rate levied.
These changes were broadly welcomed but the support is due to end on March 31 2021, with the old rules being reinstated beyond this.
With this deadline approaching, many would-be homeowners will be keen to take action before it s too late and this could create a problem for consumers heading through 2021.
Gary Hemming, a Commercial Lending Director at ABC Finance, explained how difficulties could emerge: With the stamp duty holiday coming to an end on March 31st, there will be a lot of pressure to complete before the deadline.
Mortgages may be impacted as the stamp duty deadline approaches (Image: GETTY) ....

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