Budget 2017: How will stamp duty cut help first time buyers?

Budget 2017: How will stamp duty cut help first time buyers?
 

The claim: Changes to stamp duty will save an average of £1,700 to first-time buyers.
Reality Check verdict: The average first-time buyer would indeed save about £1,700 in stamp duty, but for some people it's likely that would be more than offset by increased house prices, according to the Office for Budget Responsibility (OBR), which provides independent assessments of the Budget. It's likely to be better news for potential first-time buyers struggling to get together a deposit than for those unable to borrow enough as a result of their earnings.
Chancellor Philip Hammond has abolished... read more

 
23 November 2017 in Regional, Views: 47
Source: BBC
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