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News Archive for December - 2018

First Time Buyer Stamp Duty Relief Massively Favours South of England

More than three quarters of first time buyers have benefited from the changes to Stamp Duty introduced in 2017, but the biggest savers were in the south of England, research shows. A study carried out by reallymoving.com has looked at first time buyer activity between November 2017, when the scheme was introduced, and November 2018.

First time buyers in London and the South East have achieved far greater savings than those in the Midlands ...

Help to Buy Scheme Debate Reignited After Surge

According to figures released over the weekend, 14,867 Help to Buy loans were taken out in the second quarter of this year. This brings the total loans up to 183,947 since the scheme started in 2013.

Between April and June, 82% of the loans taken out were for homes bought by first time buyers, with an average value of 239,000.

Since these figures have been released, the debate about Help to Buy has been reignited. Chancellor Phillip ...