Stamp Duty
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CoT Submissions for LBG (Scotland)
Following last week’s Budget announcements the temporary Stamp Duty waiver for properties will be extended to the End of June for properties in England/Wales and Northern Ireland. The existing waiver for Scotland will cease at the end of March. LBG still anticipate a large increase in queries and completion related activity for the March month…
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When is a first-time buyer (FTB) not a first-time buyer?
The Chancellor’s plan to eliminate stamp duty for first-time buyers under £250,000 could invigorate the housing market, but its effectiveness hinges on the definition of “First Time Borrower.” Restrictions may complicate eligibility, causing confusion and delays for buyers needing to confirm their status before benefiting from the relief.