Stamp Duty Relief Extended to Shared Ownership Buyers
In the Autumn budget, Chancellor Phillip Hammond announced that Stamp Duty Relief would be extended to Shared Ownership buyers, meaning that first time buyers purchasing Shared Ownership homes will not pay stamp duty on properties valued up to £500,000.
Olivia Moss, Marketing and Brand Director for L&Q, comments, “Here at L&Q, we have long been advocates of Shared Ownership, which remains a really achievable route onto the housing ladder for first time buyers. While deposits associated with Shared Ownership are usually considerably smaller than on the open market, there are of course, other costs associated with buying a home. In extending this stamp Duty Relief, the Chancellor has offered a further helping hand to first time buyers, making Shared Ownership that bit more affordable for eligible purchasers.”
Visit All About Shared Ownership to learn more about Shared Ownership with L&Q and complete the eligibility form. To explore L&Q’s Shared Ownership homes in and around London and visit View L&Q Homes or contact our sales team.