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7 months agoTime is running out..
First time buyers this is a BIG one for you.
As it stands you have stamp duty relief up to £625,000 until April 1st 2025.
Which, at first, may appear as if you have time but Zoopla has revealed that first-time buyers in England have just two months left to benefit from reduced stamp duty rates, with the average property sale taking 25 weeks from listing through to completion.
From April 1st 2025, stamp duty rates will return to their previous thresholds, with London buyers in particular being affected due to higher property values. This is, of course, assuming no further changes are announced in the Autumn Budget.
You would need to complete by April 1st to take advantage of this, so you better start planning now!
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