Did you watch the budget announcement last week? There was some moves made by Chancellor Alistair Darling that will affect those on the housing market. Most notably, the stamp duty threshold has been raised to £250,000 which is a massive boost for first-time buyers.
The changes will be effective from April 6th and mean all those eager to get a foot on the housing ladder can think more positively about doing so. At the other end of the market, stamp duty on house sales over £1million will be raised to 5% which has already resulted in a rush for a quick house sale by many.
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