Stamp Duty Holiday Due to End Next Month

First time buyers have saved a collective £319 million since the stamp duty holiday came into effect in March 2010, new analysis claims.

Santander estimates that around 170,000 first time property purchasers have benefitted from the exemption and is urging people to take advantage of it before it ends next month.

After the deal ends, home buyers will be required to pay a one per cent tax on property purchases over £125,000, a three per cent tax over £250,000 and four per cent over £500,000.

First Time Buyer News