Now has never been a better time to get onto the property ladder.
Chancellor Phillip Hammond announced in The Budget a change in Stamp Duty that could mean you can now take the next step and buy your dream home.
From 22nd November 2017 First Time Buyers in England and Wales no longer have to pay Stamp Duty if purchasing a home up to the value of £300,000.
Company director, Gregg Davies, said: “Stamp Duty, in its simplest form, is a land tax that applied to all property purchases.
“Stamp duty was often considered a major obstacle to house purchasers, as it is a tax that cannot be added to the mortgage and needs to be paid up front, in much the same way as the deposit.
“Abolishing stamp duty is great news for first time buyers, it is the perfect time to make your first move, and with mortgage rates still at a low – it’s time to lock in your mortgage deal now.”
Advice is crucial. Seeking advice from a financial expert can save you money in the long run and help protect your investment. Want to find the best mortgage to suit you and get yourself onto the property ladder? We can help make the application process smooth and offer support and advice when you need it.