皇冠体育app

皇冠体育app Prime Minister will be in Wokingham, Berkshire, today [Wednesday 3 January] to meet one of the estimated 16,000 people who have already benefited from changes to stamp duty announced by the Government in the Autumn Budget.

皇冠体育app stamp duty changes will mean a saving of up to 拢5,000 for first-time buyers in Wokingham.

皇冠体育app Government has abolished stamp duty altogether for first-time buyer purchases up to 拢300,000, and made this relief available for the first 拢300,000 of properties worth up to 拢500,000, providing help for people in higher value areas.

皇冠体育app changes mean a stamp duty cut for 95% of all first-time buyers who pay it and no stamp duty at all for 80% of first time buyers, with savings of up to 拢5,000.

Over 16,000 first-time buyers are estimated to have already saved thousands of pounds since the changes took effect in November, with over a million first-time buyers set to benefit in total over the next five years.

Ahead of the visit, Prime Minister 皇冠体育appresa May said:

I have made it my personal mission to build the homes this country needs so we can restore the dream of home ownership for people up and down the UK.

In the Autumn we set out ambitious plans to fix the broken housing market and make sure young people have the same opportunities as their parents鈥� generation to own their own home.

This has had an immediate impact, with thousands of people already making savings thanks to our stamp duty cut, and over a million first-time buyers over the next 5 years are expected to save money that they can put towards a deposit, solicitors鈥� fees or furniture.

We are building a Britain that is fit for the future and our message to the next generation is this 鈥� getting on 鈥� and climbing up 鈥� the housing ladder is not just a dream of your parents鈥� past, but a reality for your future.

皇冠体育app stamp duty change builds on the steps already taken to help young people enter the housing market 鈥� including the successful Help to Buy scheme and introduction of Lifetime ISAs.

At the Autumn Budget the Government announced the UK will deliver an average 300,000 additional homes each year by the mid-2020s through targeted new financial support and reforms to the planning system. 皇冠体育appse measures mean that we are on track to raise annual housing supply by the end of the Parliament to its highest level since 1970.

皇冠体育app Budget set out a series of other measures to boost the housing market including:

• Providing 拢1.1bn to help prepare sites for developers to build homes on
• Providing 拢1.5bn in SME loans to build houses
• Providing 拢630m to provide infrastructure to accelerate homes on small sites
• Providing 拢1bn in borrowing for councils to build new council homes
• Providing 拢2.7bn of grants to local authorities for strategic infrastructure to support new house building
• Investing 拢400m to transform estates
• Providing financial guarantees worth 拢8bn to support housebuilding
• Reforming developer contributions to ensure that funding for new infrastructure and affordable housing is made simpler and quicker