Tag Archives: chancellor

PhilipHammond - photo courtesy of Huffington Post

Budget Comment – SDLT removal is good news for sellers!

Philip Hammond, Chancellor of the Exchequer has announced the removal of SDLT (Stamp Duty) on all sales to first time buyers under £300,000 in his autumn statement. This is clearly great news for first time buyers, especially those paying the full £300,000, who pocket a tidy £5,000 towards their new home. More realistically, the saving made by the average first time buyer, who typically pays around £163,000, is just £760.

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