Stamp Duty Land Tax Relief
Stamp Duty Land Tax Relief can reduce the tax a first-time buyer pays on a home purchase in England or Northern Ireland. As at June 2022, first-time buyers paid no SDLT on the first £300,000 of an eligible property purchase. A 5% rate applied to the portion from £300,001 to £500,000. If the purchase price […]
First Homes Scheme
The First Homes Scheme was designed to solve a practical problem. Many first-time buyers can afford monthly mortgage payments, but struggle to bridge the gap between savings, deposit, house prices and lender affordability. The scheme gives eligible buyers in England the chance to buy selected homes at a discount. The important point is not only […]