First-time buyers rush to beat stamp duty deadline | Money | guardian.co.uk
The number of mortgages taken out by first-time buyers increased in December 2011 as borrowers sought to buy before the end of the stamp duty holiday on properties costing up to £250,000, figures from lenders have shown.
Since March 2010, first-time buyers purchasing properties costing between £125,000 and £250,000 have been exempt from stamp duty in a move designed to kickstart the housing market; from 25 March 2012 they will pay 1% on those homes.
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