Stamp duty and cash back of­fers

Yorkshire Post - Property - - PROPERTY -

HALIFAX is of­fer­ing to pay the full stamp duty bill for first-time buy­ers pur­chas­ing prop­er­ties up to the value of £250,000.

The bank will pay the tax bill on pur­chases be­tween £125,001 and £250,000, re­duc­ing a first-time buyer’s costs by up to £2,500. In ad­di­tion, first-time buy­ers who pur­chase a property be­low £125,001 will re­ceive £250 cash­back. Craig McKin­lay, of Halifax, says: “We know that Stamp Duty can of­ten be a cost that is over­looked, par­tic­u­larly by those who are fo­cused on sav­ing an ini­tial de­posit for a house.”

Anal­y­sis by Halifax shows that 268,800 first-time buy­ers pur­chased a property last year, an in­crease of 23 per cent com­pared to 2012.

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