First Time Buyers & Stamp Duty
If you’re a first time buyer you’re immediately at an advantage when it comes to negotiating the housing market. Not only are you free from relying on a chain but you’re also able to dodge stamp duty charges to a certain extent. As of November 2017, a permanent change was applied to stamp duty for first time buyers, raising the threshold to £300,000 (and up to £500,000 in more expensive areas such as London), saving you an extra 2-12% in fees! First time buyers are required to declare that they have never owned property in the UK or elsewhere to qualify for the relief, and if property is being ...
