Stamp Duty. The bane of many a buyer! It’s essentially a land tax, and it’s payable on all properties in the UK over a certain price. But from December last year we were offered some relief from the ever-escalating costs of buying a home, as stamp duty pricing changed.
And this has meant GOOD NEWS for most buyers in the South-East.
In fact, that would make a saving of £3,880 on stamp duty on the average purchase price in the South-East or a not insignificant 4% of the total average deposit. And that is the highest saving (as a percentage) across the country.
And to coin a well-known catchphrase: when you live in the South-East every little helps!