Article preview: Despite high property prices making it increasingly unaffordable to get onto the property ladder, first time buyers have enjoyed a reasonable amount of government support in recent years. One of the most recent initiatives for first time buyers is already reporting success. More than 180,500 first time buyers have saved a significant amount of money that would otherwise have been spent on Stamp Duty. The latest official figures show a total saving of £426 million due to the First Time Buyers Relief.
First time buyers saving on stamp duty
This 399 word blog post explains First Time Buyer Relief for stamp duty and reports on the success of the measure one year on from its implementation. Includes a comment from Mel Stride MP, Financial Secretary to the Treasury. Written on 22nd November 2018.
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