First Time Buyers: the time is now
Posted: Monday 6 February 2012
Stamp Duty exemptions
Time is running out for first time buyers to take advantage of the current exemption from the 1% Stamp Duty rate (applicable to properties which sell for up to £250,000), which could net you a potential saving of up to £2500. There is still time to buy your new home before the deal ends, but you have to be quick -- first time buyers will no longer benefit from this privilege from 24 March 2012.
Morton Fraser has a leading property team who can advise on finding and financing your new home. Additionally, for parents considering helping their child onto the property ladder, we can provide advice on the most tax-efficient way of doing so.
You can speak directly to Head of Residential Property Ian Gray on 0131 247 1012, or email him at ian.gray@morton-fraser.com to discuss any aspect of first time buying and the forthcoming changes to Stamp Duty.
