Stamp duty and cash back offers
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.