You’ve finally got to a stage in life where you can put an offer in and purchase your first home. After years of renting and saving this is a huge moment so congratulations, according to some reports as many as one in three UK millennial's will never own their own home.
To stimulate the housing market and help young people get onto the housing ladder the government have made this process much more appealing by waiving stamp duty charges for the majority of first time buyers. Fantastic news if you are buying your first house!
So what criteria do you have to meet to be eligible for this benefit:
What does this mean:
It is worth noting that if you have ever previously inherited a house or been on the deeds to a family members property then you won’t be eligible for any stamp duty exemption.
Now you have all the facts good luck with your first house move!