Herald - Issue 393

6th August 2020 • The HERALD • Page 47 v SAY YOU SAW IT IN THE HERALD v Tel: 023 8254 7600 TMT House, 12 The Marsh, Hythe, Southampton, SO45 6AL enquiry@tmtlegalservices.co.uk www.tmtlegalservices.co.uk YOUR LOCAL LEGAL SPECIALISTS Helen Sparks Mortgages & Financial Services Offering professional advice since 1985 Mortgages Residential Life Time Equity Release Buy to Let – first time landlords Property Portfolios Help to Buy Insurance Buildings & Contents Insurance Life Assurance Critical Illness Income Protection Private Medical Insurance YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. Some forms of buy to let mortgage are not regulated by the Financial Conduct Authority 023 8084 4108 helensparks@btconnect.com Helen Goodall T/A Helen Sparks Mortgages & Financial Services is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority ASK A PROFESSIONAL Stamp Duty Threshold Change by Claire Terrill, Managing Partner, TMT Legal e Chancellor has announced an increase in the Stamp Duty reshold to £500,000, e ective immediately until 31st March 2021. What does thismean for you? If you are completing your principal residence, up to £500,000 anytime between 8th July 2020 and 31st March 2021 you will not need to pay Stamp Duty. If you are buying a second home you will only need to pay the 3% surcharge. e change will a ect 90% of buyers, and will save each one an average of £4500. Never before has the Stamp Duty threshold been so generous, saving purchasers thousands of pounds. is will help ensure the housing market is boosted, and those would-be buyers are incentivised not to stall their impending purchase but to buy now. We predict a rise in Estate Agent valuations and new properties coming onto the market in the next few weeks. e Chancellor also announced: * Cuts on Vat on Food to help the hospitality industry. * Bonuses to companies who retain their furloughed sta . * An increase in new Apprenticeship funding for businesses to £2000. If you are thinking of moving home and want to know the costs involved before you make any decisions, check out our website and our friendly, immediate quotation tool. Call 023 8254 7600, call in to see us at TMT House, 12 e Marsh, Hythe, Southampton. SO45 6AL or visit www. tmtlegalservices.co.uk Businesses Make a Difference Many businesses have found a great way to put something back into their communities by supporting their local Rotary Club. ey can give this support in several ways, including sharing their expertise or resources, o ering to help with or sponsor local events, or making an annual donation to cover some of the overheads incurred with local fundraising. Hythe & Waterside Rotary Club play a vital part in the local community supporting good causes including charities and schools. is is enhanced by having Business Partners who can be relied upon to lend a helping hand from time to time. ere are so many ways you can support Hythe & Waterside Rotary Club, even if your spare time is limited. If you would like to know more, please email the club secretary at secretary@hytherotary.org.uk