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The Independent UK
The Independent UK
Albert Toth

Stamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says

Halifax
Stamp duty changes are coming in April - (Getty Images)

Looming changes to stamp duty will give first-time buyers “greater motivation” to get on the housing ladder, British bank Halifax has said.

The average price of a home in the UK reached nearly £300,000, statistics from the UK’s largest mortgage broker has found. This was up 3.3 per cent over the year, with a slight dip in December.

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