This November has seen both an increase in interest rates and the abolition of SDLT (Stamp Duty) for first time buyers up to £300,000. Certainly the nominal 0.25% interest rate increase is unlikely to cause most homebuyers a problem. However, this first rate rise in a decade might be regarded as a tipping point for Continue Reading
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 Continue Reading