Stamp duty cut saves first-time buyers £284m to date

/ Aug 8, 2018 / No Comments / In Blog / By

Figures out at the end of July show that First Time Buyers have saved £284m in would-be stamp duty payments since the Government announced the new £300,000 property threshold.

According to government statistics, 120,000 first-time buyers have avoided paying stamp duty on their homes since these new rules were introduced.

Under the new rules, First Time Buyers purchasing homes up to £300,000 pay no stamp duty at all.

Read the full article via Mortgage Strategy by clicking here.

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