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
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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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