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27 January 2010

Taylor Wimpey entices buyers with payment of stamp duty

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by Kay Mitchell

Taylor Wimpey entices buyers with payment of stamp duty

Housebuilder Taylor Wimpey is looking to save homebuyers thousands of pounds by paying their stamp duty.

In September 2008, the Government opted to increase the stamp duty threshold from £125,000 to £175,000 in a bid to revive the housing market, which was suffering at the time from plummeting house prices and the lack of mortgage availability.

Consequently, properties under £175,000 were exempt from the tax but this ended on 31 December 2009.

As a result, Taylor Wimpey has pledged to continue to cover the cost of the tax for its purchasers on selected properties.

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,” added Ms Armstrong.

The housebuilder is also offering a range of incentives for homebuyers and on selected plots, buyers can opt to use the company’s part-exchange scheme, or the company will pay £500 per month towards a mortgage for 12 months.

Anyone wanting more information can visit www.taylorwimpey.co.uk or call 01383 845745.


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