In today’s budget The Chancellor announced an extra £500 million to pay for 5,000 new affordable social homes. This will increase the affordable housing bill to £3.1 billion a year. The cash injection is urgently needed for housing associations to deliver their contribution to the Government’s ambitious target of 1.5 million new homes over the next four years. In 2025 their long term housing strategy should give more transparency on how they intend to meet their promises and targets.
The Stamp Duty holiday will end on March 31st 2025. For first time buyers the current level where they will not pay Stamp Duty is on homes that cost up to £425,000 but the threshold will return to £300,000 at the end of March.
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.
