Linden Homes Welcomes Chancellor's Stamp Duty Announcement

Linden Homes has welcomed the Chancellor’s Autumn Statement announcement to cut stamp duty rates for the majority of housebuyers.

Clive Wiltshire, Managing Director of Linden Homes Western, which has the Greyfriars Quarter development in Gloucester, said: “We are encouraged to see yet another proactive measure from the government to maintain momentum in the housing market. Along with Help to Buy i, reducing the additional financial consideration imposed by stamp duty makes it even more affordable for people to get on, or move up, the property ladder.

“We believe this announcement will bring another welcome boost to general confidence, and get the housing market moving consistently in the right direction.”

For househunters looking for a new home at Linden’s Greyfriars Quarter in the heart of the city, the changes mean that you would pay stamp duty costs of just £699.90 for one of its stylish two-bedroom Highgrove apartments. A saving of over £900, compared to the previous stamp duty amount of £1,599.95.

The apartment offers a stunning open plan living, dining and kitchen area leading on to a balcony, as well as two large double bedrooms with an ensuite to the master bedroom.

Plus, purchasers using the Government’s Help to Buy scheme could secure the property with a five per cent deposit of £7,999.75.

To find out more call 0844 488 0819.

Linden Homes builds homes from Cornwall to Lincolnshire and from West Sussex to Northumberland.

i Subject to status, ‘Help to Buy’ Terms & Conditions and available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.

-ENDS-

For further information, contact Victoria Hughes at James Reed PR on 0117 985 8980

10 December 2014

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