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  • Writer's pictureAga - Mortgage Broker

Stamp Duty Tax changes - help for buyers!

The Chancellor has announced support for Home Buyers!

In the recent Mini Budget, Lord Chancellor announced a cut to Stamp Duty Land Tax, which is a tax paid on property purchase. The cut raises the threshold of how much a property has to cost before stamp duty is paid to £250,000.

First time buyers will have no tax to pay for properties priced up to £425000. They will be able to claim relief on properties worth up to £625000.

This change will help many home buyers across the country

If you need help with house buying process, contact us and we will be happy to assist you.

Information contained within the blogs was correct at time of publication but is subject to change.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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