Stamp Duty abolished in Budget 2018 for all first-time buyers of shared ownership properties up to £500,000

30th October 2018  |  12:00am

Stamp Duty abolished in Budget 2018 for all first-time buyers of shared ownership properties up to £500,000

Stamp duty for first-time buyers in shared ownership homes that cost up to £500,000 will be abolished with immediate effect and will be retrospective back to the last Budget (22 November 2017), the Chancellor has announced.


The changes apply to purchases by first-time buyers in England and Northern Ireland – there's no change for buyers in Scotland or Wales. Until this announcement, first-time buyers purchasing shared ownership properties still had to pay stamp duty, despite the relief offered to all other first-time buyers following the last Budget in November 2017.


For more information on stamp duty and first time buyers, have a chat with our First Moves team.

We understand that it can be a daunting process buying or even selling your first home. How do you know where to start? At James Sellicks, we have introduced First Moves, a department dedicated to helping first time buyers and sellers. James Sellicks also has access to our appointed partner Eden Financial Consultants offering mortgage advice from the whole of the mortgage market.

Offering a full service that guides you through every step of the way, First Moves makes the whole process as simple and stress free as possible.

You’ll be given a team of experienced experts dedicated to you. This will include:

A First Moves contact, either Lauren or Poppy
A mortgage consultant, Penny FPC CeMAP
A solicitor from one of our trusted panel
A surveyor, Tom BSc (Hons) AssocRICS

 

Head over to our First Time Buyers page for more information or call 01858410008 https://www.jamessellicks.com/pages/first-time-buyers