LONDON, UNITED KINGDOM--(Marketwire -03/07/12)- LEADING housebuilder Barratt Homes is urging anyone looking to get their foot on the property ladder for the first time this year, to move now. Making the decision to purchase one of many new homes around the country now could save first-time buyers thousands of pounds.
With less than a month to go before first-time buyers will have to pay up to an additional GBP 2,500 in stamp duty costs when buying a property, according to Barratt if you want a new home this year the time has come to make the investment.
Steve Barton, Sales Manager at Barratt Homes Mercia, comments: "The countdown is now on for first-time buyers to save thousands of pounds."
He adds: "Saving for a deposit is now harder than it has ever been and so the reintroduction of stamp duty may hinder some. Those considering getting onto the property ladder this year should move quickly in order to benefit from the stamp duty holiday."
The Government first introduced the stamp duty holiday two years ago, however, it was confirmed in the Chancellor's autumn statement that it will not be extended. Accordingly those first time buyers looking to benefit from this tax break will be required to legally complete on a property under the value of GBP 250,000 by 24th March.
Those who purchase a property above the value of GBP 125,000 after this date will be charged a stamp duty rate of one percent.
Steve continues: "Anyone interested in securing one of our homes for sale should get in touch now to avoid later disappointment. We will happily help any interested purchasers to get the ball rolling in order to meet the looming March deadline."
Visit Barratt Homes today for more information on the developments we have available nationwide.
NOTES TO EDITORS:
1. Barratt Group was named Housebuilder of the Year at the Housebuilder
2. Barratt Group was awarded a maximum five star rating for the second
consecutive year in the 2011 Home Builders Federation Customer
3. In 2011 site managers working for Barratt Group won the highest number
of NHBC Pride in the Job Quality Awards for a record seventh consecutive
4. Barratt Group is the only housebuilder to guarantee the fixtures and
fittings in place at the time of purchase of its new homes for five
5. Images of a selection of developments are available to the media at
- Barratt Homes