{"id":3771,"date":"2018-10-30T04:19:36","date_gmt":"2018-10-30T04:19:36","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/budget-2018-what-do-the-housing-measures-mean\/"},"modified":"2018-10-30T04:19:36","modified_gmt":"2018-10-30T04:19:36","slug":"budget-2018-what-do-the-housing-measures-mean","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/budget-2018-what-do-the-housing-measures-mean\/","title":{"rendered":"Budget 2018: What do the housing measures mean?"},"content":{"rendered":"\n
\n
<\/p>\n

\"HouseImage copyright<\/span>
\n PA<\/span><\/p>\n

<\/span><\/p>\n<\/figure>\n

More help for first-time buyers and plans to create more homes on the High Street have been announced in the Budget.<\/p>\n

Most first-time buyers of shared ownership properties will now no longer pay stamp duty, under the measures unveiled.<\/p>\n

Chancellor Philip Hammond said Britain’s housing market needs to be fixed, adding it was key to boosting UK productivity and pushing up living standards.<\/p>\n

The UK is facing a shortage of housing. The number of homes on the market is at a 10-year low<\/a> and fewer people<\/a> are taking out mortgages.<\/p>\n

So what has the chancellor said he is going to do about it?<\/p>\n

Was there any help for first-time buyers?<\/h2>\n

In last year’s Autumn Budget, the chancellor abolished stamp duty<\/a> – a tax you pay if you buy property or land – for first-time buyers buying a home worth up to \u00a3300,000. <\/p>\n

It has so far helped 121,500 people, the chancellor said, and the number of first-time buyers is at an 11-year high.<\/p>\n

Now, stamp duty will also be abolished for first-time buyers of shared ownership properties – when someone buys between 25% and 75% of a home and then rents the rest of it.<\/p>\n\n

\n
\n <\/p>\n
\n

\n \"\"\/
\n <\/span>
\n