Budget: Help for FTBs as Stamp Duty threshold raised

clock

The Chancellor has announced plans to provide £970m for shared equity schemes in order to help 35,000 first time buyers get onto the property ladder.

The Chancellor has announced plans to provide £970m for shared equity schemes in order to help 35,000 first time buyers get onto the property ladder. And Gordon Brown has said the initial Stamp Duty threshold is to be increased from £120,000 to £125,000 effective from tomorrow. Gordon Brown referred to Labour’s election pledge in 1997 to get 2m people into home ownership claiming that 1.8m people had been helped onto the property ladder by the government’s proposals. IFAonline

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read