Last year, the government introduced a stamp duty holiday in an attempt to keep the property market moving through the lockdown. The changes meant that some homebuyers were able to to benefit from a £500,000 tax-free threshold, up from £125,000...
First time buyers often describe the process of purchasing their first home as overwhelming, but here at Stephensons we have a wealth of experience within our residential conveyancing team in London to ensure your process runs as smoothly as possible. Property in London is the most expensive in the UK, so ensuring you have thorough and location-specific legal advice is vital.
Government home ownership schemes for London
There are countless options to help first time buyers in London get on the property ladder. For example, schemes such as Help to Buy, The starter home initiative and recent changes to stamp duty are all aspects that first time buyers must be made aware of. Furthermore, Stephensons offer first time buyers a 10% discount on legal fees.