First-Time Buyer? Why You Shouldn’t Buy a Home Without Watching This!

If you’re a first-time homebuyer, don’t make any decisions until you watch the latest episode of Citrus Mortgage Bites. In this must-see episode, hosts Richard Harris and Holly Bettles tackle one of the hottest topics for first-time buyers: the potential changes to stamp duty in the upcoming October budget.

Holly dives into the details of how a stamp duty adjustment could impact your purchasing power. She explains the possible changes, including the lowered nil-rate band threshold from £425,000 to £300,000, meaning that first-time buyers purchasing properties over £300,000 might soon face additional stamp duty fees. As Holly notes, waiting could cost you thousands of pounds – especially if your home isn’t completed by 31st March 2025, when these changes might take effect.

Beyond stamp duty, Richard and Holly also explain why fixed-rate mortgages are currently getting more expensive even though the Bank of England is expected to cut rates next month. 

Whether you’re actively house-hunting or planning to buy soon, this episode gives essential insights to help you make informed decisions.

Plus, Citrus Financial will release a follow-up video right after the budget announcement to cover any updates in detail. Don’t miss it – your future home may depend on it!

See more of our videos on our YouTube channel.

Make sure you don’t miss out by subscribing to our channel.

For our latest news click here.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Bank of England Cuts Interest Rates – What Does This Mean for You

The Bank of England has cut the base rate from 4.75% to 4.5%, marking the third reduction in this cycle. But is this a sign of hope for borrowers, or...

How to Find Your Lost Pensions and Claim Your Money: Tips from David Braithwaite, Money Mentor

Did you know that there are billions of pounds in lost pensions across the UK? In this week’s episode, David Braithwaite, Money Mentor, shares expert...

Welcome Phoebe Mills to Citrus Financial!

We’re delighted to welcome Phoebe Mills to the Citrus Financial team! Bringing Experience and Expertise Phoebe joins us as a Technical Administrator...

Stay in the loop

SUBSCRIBE TO OUR MONTHLY NEWSLETTER