CHANGES IN STAMP DUTY REGS HELP SHARED OWNERSHIP BUYERS
Stamp duty for shared ownership buyers has always been a tricky business with yourhomefinder's best advice being, ask your solicitor how to apply stamp duty regulations to best suit your circumstances. In the budget, the Chancellor has said that stamp duties for shared ownership purchasers can be deferred until the owner an 80% share
IT WORKED FOR ANGELA - SUCCESS STORY
First-time buyer Angela Wooton decided that as she was in her mid 20's she needed to try to get a place of her own, so she approached a financial advisor for help.
"After much head-scratching, we agreed that my only chance to stay in Hemel Hempstead, my home town for the last 25 years, was to look into shared ownership. The following morning, having looked on a search engine, I came across
www.yourhomefinder.co.uk. Once registered I found two 1 bedroom flats in Hemel Hempstead, established if I could afford the mortgage/rent/service charge combination and requested viewings of them both."
"I am now happily living in my new home! I really sympathise with all first time buyers struggling to get on the ladder, so my advice to anyone trying is to be persistent and keep your fingers crossed. It is possible and although it is going to be very expensive, it's never going to get any cheaper - good luck!"