Financial-Stability

First time buyer stamp duty explained

When you’re getting ready to buy your first home, knowing how much it will cost can help you budget accordingly. On top of your deposit and mortgage, there are other costs to consider – stamp duty is one of them. The good news is that as a first time buyer, you could benefit from a stamp duty exemption or relief.

We know stamp duty can be a confusing subject, so we’re breaking it down to help you understand what it is, how it’s calculated and when it applies to first time buyers.

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