Some 60,000 first-time buyers have benefitted so far from the changes to stamp duty first announced in the last Budget.
In today's Spring Statement, Chancellor Philip Hammond took the opportunity to praise reforms to stamp duty calculations he set out in November.
So far some 60,000 first-time buyers have taken advantage of the changes that saw stamp duty abolished on all properties worth up to £300,000 and on the first £300,000 of properties worth up to £500,000 in high price areas like London.
At the time, Hammond said the change meant no stamp duty at all for 80% of first-time buyers, and a cut for 95% of all those purchasing their first home.
In the previous Budget, Hammond pledged to spend at least £44bn over the next five years to tackle the UK's housing challenges.
Today he said London will receive £1.67bn to start building a further 27,000 affordable homes by the end of 2021-22.
Meanwhile, he said, the House Growth Partnership, which provides financial support for small housebuilders, will be more than doubled to £220m.
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