Stamp Duty paid to get you movingRedrow can help your move happen with a contribution to stamp duty!
Autumn Budget – Savings for first-time buyers
As of 22nd November 2017, first time buyers will not pay Stamp Duty on the first £300,000 of their home. Therefore if you buy your first home for less than this, you will not pay any Stamp Duty. If you buy your home for between £300,001 and £500,000 you’ll only pay 5% on that portion of the purchase price.
What is Stamp Duty?
Stamp Duty Land Tax is a tax due on all property purchases, new or pre-owned, over £125,000. It is often referred to as Stamp or Stamp Duty. It ranges from 0% on the first £125,000 of the property price, to 12% of the value over £1.5m.
For the average homebuyer, Stamp Duty adds thousands of pounds to the cost of moving and can cause significant delays while you save up to pay the tax. But right now, on selected plots, when you buy with Redrow, your Stamp Duty is paid for you.
Terms and Conditions
Stamp duty paid is available on selected developments and plots only, subject to acceptance from your chosen mortgage lender. Stamp duty contributions may vary depending on the property that is being purchased. Please ask the Sales Consultant at your chosen development for full details. This offer is not open to investors.