Time to fly the nest? Time for your own space?
Well, nearly half a million (464,700 to be exact) first-time buyers have benefitted from over £1.1 billion of Stamp Duty relief since the First Time Buyers’ Relief was introduced in November 2017, each saving on average £2,387.
Just in case you didn't know, zero tax is charged to first-time buyers on purchases between £125,000 and £300,000. The standard 5% Stamp Duty is charged between £300,000 and £500,000. All sales under £125,000 are exempt from Stamp Duty altogether!
62,800 first-time buyers benefitted from the scheme in the final quarter of 2019, the highest quarterly number since its introduction, as first-time buyer numbers hit record levels in 2019.
The government have recently announced plans for a First Home Scheme, whereby local buyers would benefit from a 30% market price reduction on the price of their first home.
If you're looking to buy your first home, you can see our available properties by clicking here. If you're not quite ready yet, please feel free to get in touch to discuss your next moves, we're here to help!
Feel in safe hands with the best Estate Agency in the South East.
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