Average cost of moving home tops £12,000 for first time | Mortgage Introducer

The average cost of moving home in the UK has increased by £4861 over the past year to £12,110 (from £11,624), topping £12,000 for the first time, Lloyds Bank has found. This 4% rise in costs comes at a time when the annual growth in average earnings is at 2.9% and the price that consumers have to pay for goods and services is up 2.42%2. Source: Average cost of moving home tops £12,000 for first time | Mortgage Introducer

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Government claims stamp duty cut has helped 16,000 first-time buyers | Mortgage Introducer

The government has claimed that more than 16,000 first-time buyers have saved thousands of pounds as a result of the stamp duty changes. In November’s Autumn Budget Chancellor Philip Hammond abolished stamp duty for first-time buyerson homes costing up to £300,000. For properties up to £500,000, people would not need to pay stamp duty on the first £300,000. Source: Government claims stamp duty cut has helped 16,000 first-time buyers | Mortgage Introducer

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