Stamp Duty Rebate

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Stamp Duty Rebate

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With the popularity of Help to Buy schemes, it proves how difficult it is as a first time buyer, who now have 20% equity loans secured on their properties.

My proposal is for the Government to rebate the extra stamp duty paid (tax free) for those that have purchased a property in the 4 weeks prior to the December 4th change.

If the Government will not consider a cash reimbursement now, I suggest the value of the extra in stamp duty be written off the balance of the Help to Buy equity loan as and when the home owner comes to ladder pay their equity loan or repay in full.

Home owners would still almost definitely pay more than the Government originally lent as the stamp duty difference will be lower than the increase on the 20% equity shares' growth in any likely period that an owner would repay.

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