Stephen Maunder, Which? mortgage expert, and David Hollingworth, Associate Director of L&C Mortgages, delve into the critical changes in the mortgage market. They discuss the recent drop in the Bank of England's base rate and its impact on first-time buyers. The duo highlights the surge in stamp duty rates, which could add thousands to tax liabilities, urging potential homeowners to act swiftly. They also provide insights on navigating current housing market challenges and opportunities, emphasizing the importance of seizing financial advantages before looming deadlines.
