STAMP DUTY – AUTUMN BUDGET 2017
NO STAMP DUTY TO PAY for first time buyers on properties up to the value of £300,000.
From 22 November 2017, stamp duty land tax will be abolished for first-time purchases up to £300,000. The existing rate of 5% will apply between £300,000 and £500,000.
There are also many other options which are available to which you might not be away of.
Firstly, the Government backed Help to Buy schemes may ideal for you if you need a little extra help to buy your new property. The government could give you a loan of up to 20% of the value of your current property! This may be the difference between you being able to afford your dream property or not. And with Barwood abolishing the Stamp Duty, you may be able to get your dream home.
We understand that Help to Buy is not for everyone. That is why Barwood Homes have also introduced an assisted move service. We can offer you expert guidance and support to help you sell your existing home as quickly as possible. You don’t want to be unable to move into your new home because your current property will not sell. Assisted move will take away some of this worry.
Finally, you may be ready to start house hunting but not quite sure on what you can truly afford. But there are ways to find out. We have a valuation calculator that will allow get an estimation on what your current property is worth. You may also be ensure on what you are able to afford. We also have an online calculator which allows you to assess what your budget is by asking you some basic questions. Click here to find out more.