Halifax to pay stamp duty costs for first-time buyers
Halifax is offering to foot the stamp duty bill for first-time buyers purchasing properties up to £250,000.
This is the second time the lender has run such an offer.
Under the terms of the deal, Halifax will pay stamp duty on properties worth between £125,000 and £250,000, potentially reducing a buyer’s costs by up to £2,500.
The lender is also offering £250 cashback to first-time buyer customers who purchase a property below £125,001.
Halifax said last year the offer helped more than 14,000 first-time buyers onto the property ladder.
TSB launched a similar offer in January.
It comes as figures out earlier this week revealed the average house price for first-time buyers is now more expensive than ever before.
LSL said the average purchase price in January 2014 was £155,832, up on the £150,875 figure recorded in the previous month and 16.4% higher than the same point last year.