Conservative stamp duty changes help 180,000 first-time buyers

Yesterday, new statistics showed that the changes to stamp duty introduced last year have benefited over 180,000 households, helping more people to achieve the dream of home ownership.

 

By altering stamp duty, the government are giving practical help to first-time buyers, reducing the burden that they face in purchasing their first home. Almost every first time buyer – around 95 per cent – will benefit from our changes, with around 4 in 5 paying no stamp duty at all.

 

These changes will save the average first-time buyer £2,300.

 

The successful changes to stamp duty are just one of the steps the government has taken to fix the housing market, helping people get on the housing ladder and have the security of their own home.

 

Speaking from the Ribble Valley, Nigel Evans commented:

 

“It is fantastic news that first-time buyers in the Ribble Valley and across the UK are taking advantage of our cut to stamp duty to buy their first home”

 

“In today’s market, first-time buyers are facing unprecedented costs when securing purchase of their first home. Since the introduction of the scheme a total of £426 million has been saved by these first time buyers, allowing them to enjoy a home for life.”