Warners Help First-Time Buyers Beat Stamp Duty Deadline

by Laura Berry

Saturday, March 3rd, 2012

 

Great PR For Property Experts In National Newspaper

Warners Solicitors and Estate Agents featured heavily in an article in The Scotsman about first-time property buyers and their rush to take advantage of a stamp duty exemption, which ends on March 24.

Warners have been encouraging first-time buyers to purchase a property before stamp duty kicks in again with the “first foot initiative”.  The initiative will see them highlight suitable properties between £125,000 and £250,000 – helping them avoid the stamp duty on properties in this price range.  Additionally, they are offering £600 cash back to first-time buyers who purchase before this date, to cover any legal costs incurred.

The article says that this deadline has caused a minor surge of first-time buyer activity since the start of the year and Bank of England figures show that mortgage approvals hit a 25 month high in January.

Scott Brown, estate agency partner at Warners said of the stamp duty holiday: “In Edinburgh and other Scottish cities it has made a difference to people buying their first homes, as many first homes in Scotland’s cities do cost more than £125,000.

“Luckily in the last couple of years stamp duty has been one challenge buyers have not had to consider.  Unfortunately, this perk is now about to be abolished, leaving the burden to creep back in.”

The online article can be viewed here.

Warners are a well established Scottish Law firm who provide a wide range of services for individuals and the business community.  

This coverage was secured on behalf of Warners Solicitors and Estate Agents by the Holyrood Partnership.

 

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