New stamp duty offer for first-time buyers

29-Apr-2009

First-time buyers may find they benefit from a new initiative being offered by financial services provider Halifax.

The company is offering to pay stamp duty on all first-time buyer properties between £175,000 and £250,000.

Last week, chancellor Alistair Darling announced in his Budget that there would continue to be a stamp duty holiday on all homes up to £175,000 until the end of 2009. This freeze on the tax was initially implemented in September last year.

Halifax's deal, which became available today, will see those buying their first property with the firm receive one per cent of the purchase price of the home on completion, reports Money Marketing.

The company said: "As the UK's largest mortgage lender, Halifax is showing its commitment to first-time buyers by launching a unique and innovative product specifically designed to help them take their first steps on the housing ladder."

The product will be available on a five-year fixed-rate mortgage up to 90 per cent LTV.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first-time buyer could possibly need.

Council tax cut for first-time buyersIncrease in mortgage approvals for first-time buyersFirst-time buyers can buy a house with an equity loan

2012: May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar