First timers should take advantage of Stamp Duty breaks now

Since March last year, first time buyers wishing to purchase property worth less than £250,000 have been given a Stamp Duty holiday, but this is soon to change….

Get a foot on the Property Ladder with the Government FirstBuy scheme and only a 5% deposit

The Stamp Duty break for first time buyers has meant that anyone taking their first step on the property ladder by purchasing property worth less than £250,000 has been exempt from paying Stamp Duty.  However, from 25th March 2012, first time buyers will be required to pay the same Stamp Duty as everybody else. This equates to 1% of the property price for property worth between £125,000 and £250,000. 

However, if you’re a first time buyer who’s willing to move quickly, there’s still time to save money before the Stamp Duty break expires. Here are our favourite first time buys.

  This attractive apartment in Bristol is only a 5 minute walk from the harbour side restaurants, cafes and shops. Buy before March, save up to £1,300 in Stamp Duty, and be a very happy first time buyer!
    Located in Norwich, this 2 bedroom terraced property is ideal for first timers who are seeking a well maintained home in easy reach of shops, restaurants, schools and leisure facilities. Purchase before March and save up to £1,295.
  Boasting fantastic views, this 2 bedroom upper floor apartment in Gateshead offers the modern first time buyer a slice of contemporary living.  Snap this flat up before the deadline and save up to £2,350.
  Fancy a slice of the London life? This 2 bedroom flat near Tottenham is a good buy for a first time buyer who wants to be in the thick of things.  Get it before 2012 and save £2,100
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Posted by: Nicola Severn Categories: Buying, Buying Property, For Sale, House Prices, Industry News, Property Advice, Property News Tags: , , , , , , 1 Comment

One Response to First timers should take advantage of Stamp Duty breaks now

  1. this is great opportunity to grab because of the low interest rate…