How the abolishment of Stamp Duty for first time buyers will affect the property market and existing homeowners

Today’s budget was billed as the ‘Housing Budget’ with Chancellor, Phillip Hammond delivering his speech with the headline grabber being the abolishment of Stamp Duty and Land Tax (SDLT) for first time buyers. Effective immediately, first-time buyers will be exempt from Stamp Duty charges on purchases of up to £300,000 outside of London, or an exemption from […]

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A rundown on the 2017 Autumn Budget

Philip Hammond has delivered his second Budget as chancellor. Here are the key points of his speech. Autumn Budget 2017: Stamp duty and housing Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000 To help those in London and other expensive areas, the first £300,000 of the cost of […]

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Why more and more young people are relying on the Bank of Mum and Dad to buy their first home

Rising house prices and more stringent affordability criteria on lending is making it increasingly difficult for first-time buyers to afford a home of their own. It’s therefore unsurprising that more and more young people are relying on the Bank of Mum and Dad in order to get a foot onto the housing ladder. In fact, recent […]

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The impact of the interest rate rise on the property market

Following a decision made by the Bank of England’s Monetary Policy Committee last week, interest rates grew for the first time in a decade, rising by 0.25% up to 0.5%. Marking the first increase since July 2007, the aim of the rise is to reduce the rate of inflation which has been largely attributed the […]

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