Written Question·Treasury·UIN 24782
First Time Buyers: Rural Areas
Tabled: 17 January 2025
Answered: 27 January 2025
Question
Edward Morello
Liberal Democrat — West Dorset
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
James MurrayIn 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...
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