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London property market blog


/ by In house team

KFH resources for first time buyers

Buying your first home can be hard to navigate; factoring in fees, finding the right mortgage and deciding where to move can feel overwhelming. Yet there are positives to investing in the current climate.

Record low interest rates have made the monthly cost of a mortgage relatively affordable for first time buyers. Changes to the Stamp Duty brackets at the end of 2014 have meant many first time buyers are paying less Stamp Duty than before – Londoners have saved £2,640 on average since the changes came in to effect. Further changes to Stamp Duty, with the 3% surcharge on additional home purchases from April 2016, are likely to benefit first time buyers as well as there may be less competition for property from part-time investors unwilling to pay the extra charge. The introduction of Help to Buy has also made it easier for first timers to purchase their own home, with equity loans, mortgage guarantees and shared ownership schemes all aimed at getting Londoners on to the property ladder.

We’ve collated KFH’s resources to help make your first purchase as easy as possible.

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In house team London Property Market

As the marketing and communications team at Kinleigh Folkard & Hayward's head office, our aim is to keep you updated and informed where the London property market is concerned. In addition, we'll bring you tips on navigating current issues and trends in the market when buying, selling, letting and renting to ensure that whatever field you're interested in, you'll be completely informed.

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