The government may have announced an end to the stamp duty holiday after 2009, but leading housebuilder Taylor Wimpey has pledged to continue to cover the cost of the tax for its purchasers on selected homes. The housebuilder hopes the move will further boost recovery in the housing market as well as save buyers thousands of pounds.
The government scheme had made properties under £175,000 temporarily exempt from the duty, but from 1st January 2010 purchasers will have to pay the one per cent tax for properties costing between £125,000 and £250,000. The cost is even greater for larger homes – three per cent on houses priced between £250,000 and £500,000 and four per cent for those over £500,000. Taylor Wimpey has now said that it will continue to cover the cost of stamp duty on selected properties at all of its’ developments throughout the east of Scotland*.
Karen Armstrong, regional sales and marketing director, comments: “The stamp duty holiday was largely seen as a step in the right direction and provided much needed support for many first time buyers particularly where properties were under £175,000. Our scheme will continue to support these purchasers as well as those buying larger houses where the cost of stamp duty is even greater.”
Paying purchasers’ stamp duty is just one of a range of financial and practical initiatives that Taylor Wimpey is currently offering to help get people moving. Currently on selected plots customers can opt to use the company’s popular part-exchange scheme to remove the stress and worry of selling their current property, or the company will pay £500 per month towards your mortgage for 12 months.
With 16 developments across the east of Scotland, including an impressive choice in Midlothian and Fife, Taylor Wimpey offers a broad choice of locations, plus a range of homes and apartments that are designed to appeal to a wide range of customers.
See Also: Property News (0), Taylor Wimpey (0), Stamp Duty (0), Stamp Duty Holiday (0), Government (0)
Date Published: 26 January 2010
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