‘MOVE quickly or miss out’ is the message aimed at first time buyers from housebuilder Barratt which is encouraging buyers to make the most of the Stamp Duty holiday which can save buyers up to £2,500.
23-01-2012
The Stamp Duty holiday was introduced for first time buyers in March 2010 and has enabled them to buy homes up to £250,000 without paying the one per cent duty existing homeowners have been liable to pay on homes costing between £125,000 and £250,000.
But from March 24 all buyers will be subject to the same levels which means that homes under £125,000 will continue to attract no duty but those up to £250,000 will have a levy of one per cent added to the purchase price.
Barratt sales director Andrea Pilgrim said the Stamp Duty holiday has been an important factor in helping first time buyers onto the housing ladder and the ending of the holiday has introduced a new level of urgency for buyers.
“Timing couldn’t really be more important for first time buyers,’’ said Andrea. “The next couple of weeks will be a crucial window of opportunity for those looking to get onto the property ladder without having to pay Stamp Duty.’’
She said Barratt is encouraging anyone looking to buy a new home and make the most of the current holiday and make a move as soon as possible.
“There is still time to complete on a new home before the Stamp Duty holiday ends and we have a range of homes, and buying schemes to help first time buyers,’’ said Andrea.
www.barratthomes.co.uk
