Stamp duty will be abolished immediately for first-time buyers purchasing a home of up to £300,000, Chancellor Philip Hammond has announced
In London, first-time buyers will be able to buy a house worth up to £500,000 and pay no stamp duty on the first £300,000, still means a stamp duty of £10,000 on the extra 200,000 for properties in London but for the average first-time buyer. This certainly helps reduce the costs and puts a little more money in your pocket.