3rd October 2022

An Update on Stamp Duty Changes

On Friday 23rd September, amid a multitude of economic changes announced in the Government’s mini-budget, it was revealed that the threshold for stamp duty has been increased.

Now, Stamp Duty is set at £250,000 rather than £125,000 with first time buyers benefiting from no Stamp Duty on purchases below £425,000. For first time buyers, Stamp Duty will then be charged as a percentage upwards of £425,000 while second-time buyers will also have the threshold lifted from £125,000 to £250,000.

This move was welcomed by many, as it presents a real opportunity for first-time buyers to get on the property ladder without any extra charges. It also makes buying and moving a little easier for existing homeowners.

All our developments offer a whole host of beautiful, high specification homes where these benefits can be felt, especially Eaton Park in Yatton and Century Park in Lawrence Weston. With a range of 2-, 3- and 4-bedroom homes starting from as low as £285,000.

As interest rates are only set to increase don’t delay, find your dream home today and make the most of these great savings, whether it’s your first step or next step on the property ladder.

To find out more and arrange a viewing at any of our current developments across south west England, call the Curo sales team today on 0345 140 5050 or email sales@curo-group.co.uk.