Budget: Stamp duty abolished for key worker FTBs

Darling also announced he will be extending Government loans for shared equity schemes to cater for those who can afford 50% of a property’s value. The announcement is likely to be disappointing for first time buyers that do not qualify for shared ownership schemes. Many analysts had expected the Chancellor to raise stamp duty thresholds, which have not risen in line with huge house price growth over the past decade. Key workers, such a teachers and nurses, will be pleased that they can now used a Government loan to buy up to 50% of a shared equity home. Previously they would have nee...