Tick Tock Goes The Stamp Duty Clock

Any first-time buyers, in and around Bristol, looking to purchase a home, should make it a priority to visit Linden Homes Western, as it is their last chance to take advantage of the government’s stamp duty holiday.

This temporary two-year scheme to encourage people onto the property ladder began in March 2009 and means that those buying their first home before 25 March  this year are exempt from the one-per-cent stamp duty charge, as long as their new property costs less than £250,000. So, by acting fast, first-time buyers might save as much as £2,500 – money which could be spent on furnishing the new home.

Last year, financial commentators had speculated that this stamp duty holiday might be extended again, but, in his autumn statement, the Chancellor of the Exchequer made no mention of an extension – and so the March deadline stands.

Sales and Marketing Director at Linden Homes Western, Adrian Bird, comments: “Having a time limit like this should definitely harden the resolve of people looking to buy their first home and we want to reassure them that there’s still time to take advantage of the scheme.

“Linden Homes can offer properties across Bristol, Chippenham and Portishead. The clock is ticking and there is no doubt that first-time buyers need to act fast but there is also no reason why, with our help, they shouldn’t achieve a completion date before the March deadline arrives.”

Linden Homes currently has properties – available at CMYK, St George, Great Western Dockyard, Bristol, re:fresh, Chippenham and The Friary, Portishead.

Linden Homes’ new and innovative deposit schemes mean potential first-time buyers can now secure a mortgage with just a 5-per-cent deposit and reserve a new home within 28 days*.  The developer could also help with legal arrangements, put together a tailor made purchase package or even share some of the cost of the deposit* making it possible to reserve, exchange contracts and move in less than a month, or before March 25.

For more information on any of the incentives mentioned visit the website: www.lindenhomes.co.uk

*Terms and conditions apply

-ENDS-

For further information, contact Emma Hemmings at MMS on 01889 584808.

22 February 2012

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