The Budget: Stamp duty scrapped for first time buyers on property up to £300,000
Today marks a change in direction and helps our first time buyers get onto the housing market.
Stamp duty will be scrapped immediately for first-time buyers of homes below £300,000, as the Chancellor put Britain’s housing crisis at the heart of his Budget.
Philip Hammond said the move would cut the tax for 95 per cent of first-time buyers – and abolish it altogether for 80 per cent of them. Stamp duty would be axed on the first £300,000 of a purchase price up to £500,000 – a cut of up to £5,000.
Here at Abraham Associates we are here to help our first time buyers with their mortgage requirements. Call us today on 0208 953 2049.