News & articles

Stamp Duty in the Budget

November 22nd, 2017

The Chancellor, Philip Hammond, today delivered the Budget. A quick summary of it has been published on the BBC website today:

One of the more noticeable and key points of his speech was that Stamp Duty was to be abolished for first-time buyers for properties up to £300,000.

Chartered Legal Executive Jackie Stay comments: “Good news for first time buyers today as the Chancellor has announced within today’s budget that first time homebuyers will no longer have to pay stamp duty for properties up to £300,000.  It will also be available on the first £300,000 of the purchase price for properties up to £500,000.

“It is believed that this will be an incentive to assist in the first time buyers market which will, we anticipate, have a knock on effect to chains at the higher end of the market.”

Jackie Stay is a Chartered Legal Executive in our Property department.

If you are looking to buy or sell your property, please contact us on 01494 773377 or email

Please note that whilst we take every reasonable endeavour to ensure that the information and commentary is up-to-date and factual, any information or commentary is for information purposes only and is provided free of charge. Any opinions expressed are reserved and entirely those of the author. There is no assumed liability by Lennons, its employees or principals as to the contents and its correctness or accuracy, or for any consequences that may follow if the content or information is relied on.
The content, information or opinions expressed do not, and are not intended to, constitute legal advice by any means. If you require advice, we strongly advise that you speak with a specialist lawyer or legal advisor who is authorised to provide you with legal advice and not to rely on any commentary or information on this site.


Let's talk 01494 773377   |   |   Free online enquiry