Stamp Duty threshold change for First Time Buyers – Cambridge Mortgage Broker
November 30th, 2017
One key change during the Chancellor Phillip Hammond’s Autumn Budget on Wednesday 22nd November 2017 was the threshold for first time buyers purchasing their first home being raised to £300,000 for properties purchased up to a price of £500,000 in England & Northern Ireland.
It is important to add that all parties must be first time buyers to take advantage of this change, i.e. if a property is being purchased jointly by two applicant, one a first time buyer and the other a previous property owner, this change would not be valid.