First Time Buyer Stamp Duty

First Time Buyer Stamp Duty

Stamp duty is a tax that buyers have to pay to the government when they purchase a home. Recently for first time buyers, there was some good news on the stamp duty front. From 25th March 2010 to 25th March 2012 as a first time buyer paying stamp duty, you are exempt if you buy a property under £250,000.

As the average first time buyer buys a property for £138,000* (source CML) this should mean most, if not all, first time buyers pay no stamp duty at all. READ MORE

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