First Time Buyers: Rural Areas
Commons · Question 24782 · Tabled 17 Jan 2025 · Treasury · Official record
Answered 27 Jan 2025
Question
Asked by Edward Morello
To ask the Chancellor of the Exchequer, what steps her Department is taking to support first-time buyers in rural constituencies with (a) mortgage rates and (b) stamp duty.
Answer
Answered by James Murray, 27 Jan 2025
In September 2022, the previous government announced a change to the level at which purchasers of residential property start paying Stamp Duty Land Tax (SDLT), from £125,000 to £250,000. This change was made temporary in November 2022, and the rate will r...