No Stamp Duty for First Time Buyers up to £500,000

Following Autumn Statement, Chancellor Philip Hammond has confirmed that Stamp Duty is to be abolished for all First Time Buyers purchasing a shared ownership (Home Reach) property valued up £500,000.

 The announcement is great news and clearly recognises the importance of the Shared Ownership scheme in helping first time buyers purchase their dream home. 

It also means the vast majority of the Home Reach properties are EXEMPT from stamp duty!