29 November 2017
It’s been a week since the Budget 2017 information was released and the most popular discussion has been around the changes to Stamp Duty. The removal of SDLT for first time buyers purchasing a property under £300,000 is great news for our region and for those considering the Shared Ownership scheme.
Many first-time buyers may choose to use the money they had kept aside to pay this tax bill to increase their deposit and therefore reduce their mortgage amount. This change comes with many benefits particularly to those in the South East of England where the average home bought by a first-time buyer could save £3,948.
Cambridge and County Developments have been involved with providing many Shared Ownership homes this year, including the following schemes which, following this change, are more affordable now than ever before!
2x three bedroom homes in an idyllic village setting
Shares available from £170,000
4x modern apartments conveniently located with links to Cambridge & London
Shares available from £145,000
5x two bedroom homes in sought after location
Shares available from £127,500