Stamp Duty Won’t Stop Aspiring Homebuyers
Stamp duty is the reason many aspiring buyers are unable to move home, with the high cost of the tax preventing thousands of people from moving up and down the property ladder.
However, this won’t be a problem for those looking to buy at Boughton Park, a brand-new development by Fernham Homes in the popular village of Boughton Monchelsea, near Maidstone, as the housebuilder is offering to pay stamp duty for anyone reserving their four-bedroom Aspen home type, which is priced at £440,000, and available with the government’s Help to Buy scheme.
Offering a collection of 25 four and five-bedroom impeccably designed homes, The Aspen features more than 1,200sq ft of versatile family accommodation, including a light and airy hallway which leads to a spacious open-plan living/dining area, contemporary kitchen and downstairs cloakroom. Upstairs is the en suite master bedroom as well as a family bathroom and bedrooms three and four, which could also double up as a study. The expansive second bedroom also has an en suite shower room and is located on this floor but tucked away above the garage – making it perfect for housing teenage children or when family or guests come to stay.
Lynne Smith, head of sales and marketing at Fernham Homes, comments: “We appreciate how hard it is for today’s buyers who have to save up for a deposit and all the other costs, like moving itself, and then face a hefty stamp duty bill. We hope that by offering to pay the £12,000 (or £7,000 for first-time buyers) tax for our customers, we will help those climb the property ladder that wouldn’t have been able to otherwise.”
Prices at Boughton Park range from £440,000 for a four-bedroom house to £675,000 for a five-bedroom home. Help to Buy is available on all properties priced under £600,000, with the stamp duty incentive also available on The Aspen.
• For more information, visit fernham-homes.co.uk or call 01622 230361.