Overcast

Overcast

max temp: 10°C

min temp: 8°C

ESTD 1874 Search

National: Helping buyers to get on to the property ladder

10:52 04 March 2014

New Homes

New Homes

Archant

Boost for first-time buyers

shares

As a sign of its commitment to helping first time buyers get onto the property ladder, Halifax has offered to pay the full stamp duty bill for first-time buyers purchasing properties up to the value of £250,000.

Designed to ease the burden for first time buyers making their way onto the property ladder; for the second consecutive year, Halifax will pay the entire stamp duty bill on purchases between £125,001 and £250,000, reducing a first time buyer’s costs by up to £2,500.

In addition, for first-time buyers who purchase a property below £125,001, they will receive £250 cashback.

Craig McKinlay, mortgage director, Halifax said: “We know that Stamp Duty can often be a cost that is overlooked, particularly by first time buyers who are focused on saving an initial deposit for a house. We helped ease the burden of Stamp Duty for over 14,000 first time buyers last year and we’re keen to do what we can to once again support those buying their first home, at what’s already an expensive time.”

Analysis by Halifax shows that 268,800 first-time buyers purchased a property last year, an increase of 23% compared to 2012.

First time buyers accounting for 44% of all property purchases in 2013 and 9 out of 10 first time buyers (91%) purchased a property below £250,000 in 2013[2]

Nationally almost half (46%) of home purchases by first time buyers were between £125,000 and £250,000.

shares

0 comments

The scene of a thatch fire in Stoke-by-Nayland

A picturesque country cottage is still standing today despite a fire ripping through its thatched roof.

An Abellio Greater Anglia train

Rail services between London Liverpool Street and Norwich have been cancelled after a train fault at Diss.

Ipswich Town v Arsenal  FA Cup Final at Wembley 1978 - 

Kevin Beattie and Allan Hunter

It is an impassioned debate which never fails to invigorate the East Anglian derby.

Colchester Half-Marathon. Starting and finishing at Weston Homes Community Stadium.

Competitors braved the dismal morning weather today to take part in the Colchester Half Marathon.

The scene after the thatched roof fire in Stoke by Nayland - Picture credit - Suffolk Fire and Rescue Service

Ten fire crews tackled a thatched roof blaze in a Suffolk village overnight.

Sir John French: a colourful character and respected soldier

We’ve heard about the Suffolk men who fought at the battle of Neuve Chapelle.

Ipswich Crown Court

A 19-year old man who met up with a 13-year-old girl and exchanged text messages with her despite being given a police caution for kissing her several months earlier has been sentenced to 21 months youth detention.

St Edmundsbury Cathedral overlooking colourful displays in the Abbey Gardens

Suffolk’s most important religious building has been awarded a £300,000 Government grant to pay for urgent roof repairs.

Josephine Murphy

An 86-year-old woman who had gone missing from Clacton has been found safe and well

Aftermath of a barn fire in Holton.

A television antiques expert has appealed for help rebuilding his eco-friendly arts centre in Suffolk after a major blaze destroyed the historic sawmill that was to be its showroom and workshops.

Most read

Topic pages