In the build-up to the Autumn Statement, big things were teased for housing. Surprisingly, this year the government didn’t disappoint – at least not for first time buyers.

The Statement’s headline was the decision to cut Stamp Duty for first time buyers on properties up to £300,000 (or on the first £300,000 for properties worth £500,000 in London). So much more than just a political punchline, this announcement pricked the ears of those looking for their first home.

As a cost that needs to be paid upfront, Stamp Duty can significantly add to the length of time needed to save for a deposit. So, for those young people facing ever-increasing costs to get on the housing ladder, eliminating a (likely) £5,000 fee is a major boost.

This will be especially positive for those looking to purchase a property in regional cities, where prices remain competitive, and also guarantees that first time buyers won’t pay any Stamp Duty on any of Forty/8’s current properties.

Forty/8 Developments

The Hallmark, Manchester

A 15-storey luxury development in Manchester’s Green Quarter just 800m away from Victoria Station. The Hallmark comprises 145 one and two-bedroom apartments, with prices from £175,000.

Orleans House, Liverpool

Orleans House is a Grade II listed cotton warehouse conversion in the heart of Liverpool’s commercial district, offering 71 studio, one, two and three bedroom apartments. Prices start at £167,000 and 65% of apartments are now SOLD, so don’t miss out.

Aria, Leicester

Located on Chatham Street, just a 10-minute walk from Leicester’s shops, amenities and transport links, Aria is a collection of 93 luxury studio, one and two bedroom apartments. Prices begin at £100,000.

Not forgetting owner occupiers and investors

For a limited time, Forty/8 is also offering a huge range of incentives on selected apartments in Orleans House and Aria. This includes extra deals on Stamp Duty for owner-occupiers and buy to let investors, and we will even pay solicitors’ fees (when using an approved solicitor) and building service charges during their first year.

Interested? Contact our sales team here. For all the latest Forty/8 news, be sure to keep an eye on our Twitter and Facebook feeds.

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