The government’s fiscal stimulus measures will be coming to an end over the next few months. Not only will the stamp duty threshold be lowered but VAT will be increasing from15% to 17.5% on 31 December 2009. Whilst this may not have much impact on your weekly shopping bill, it will mean that the cost of London loft conversions will increase significantly in the new year.

As highlighted in the Sunday Times’ Money supplement yesterday, the additional VAT to pay on a £50,000 loft conversion in London would be £1,250 come 1 January 2010. Homeowners should act now to take advantage of the lower VAT rate and secure the best value loft conversion before the Chancellor forces prices up.

With the cost of timber increasing (approximately 15% over the past three months), and the next few months being a great time to get plans underway for your London loft conversion to start in the spring, now is the ideal opportunity to ensure that you secure a stylish loft conversion at the best price.