Time is running out for First Time Buyers to take advantage of the Stamp Duty Exemption or “Stamp Duty Holiday”.
At the moment First Time Buyers can buy a house upto the value of £250,000 and will not pay any Stamp Duty at all.
After the 24th March 2012, the duty will revert back to the normal level of 1% of the purchase price on properties between £125,000 and £250,000 and the 3% on purchases over £250,000.
With almost two months to go, First Time Buyers should not lose this opportunity to save money.