Gladedale aims to inject confidence into housing market

National housebuilder Gladedale is to pre-empt the Government's decision on stamp duty by offering to pay the tax liability for new homebuyers now, with the aim of injecting new confidence into the housing market.

The move could see up to £13,500 being paid towards the purchase of a new Gladedale home worth £450,000.

One of the UK's leading housebuilders, Gladedale has around 150 developments across the UK.

Richard Jones, Sales Director for Gladedale in North East England, said: "We have heard the same rumours that the government may delay payment of stamp duty in some cases but we have decided to make the decision even easier for buyers - Gladedale will pay your stamp duty, with immediate effect.

"We are aware that people are wary in the current climate. Buyers don't want to pay stamp duty for a new home, only for it to be abolished after they have shelled out thousands of pounds to the Government. Gladedale in North East England is keen to help buyers move onto the property ladder and doesn't want any further insecurity to delay confidence in the housing market."

Currently, people buying properties for between £125,000 and £250,000 pay 1% in stamp duty at the time of sale. Those spending more than £250,000 pay 3%, while homes worth more than £500,000 incur a 4% rate.

On a Gladedale home worth £150,000 the savings would be £1,500, on a home worth £200,000 the savings would be £2,000 and on a home worth £300,000 the savings would be £9,000.

Gladedale developments in your area include: Barley Rise in New Brancepeth; Cotherstone Cour in Easington Lane, Lyons Gardens in Hetton Le Hole; Acklam Park and Harrow at Acklam; Hall Green Manor in Boldon; Lynas Place in Evenwood; Oakley Manor in West Auckland; Pottery Wharf in Thornaby; Primrose Gardens and Foxglove Gardens in St Helen Auckland; Redworth Grange in Newton Aycliffe; Ridge Square in Bedlington; Sandpiper Gardens and The Laurels in Grangetown; Saxon Park in Peterlee; Sidney Gardens in Blyth; South Field Court, Braidwood Mews, Tyne Vale, Derwent View and Greencroft in Stanley; Wellfield Court in Murton; Balmoral Gardens in Catchgate; Windermere Gardens and Regent Court South Hetton; Spiro Court; Wesley Lea in Consett; The Bakers in Newcastle; The Cornfield at West Cornforth; The Hawthorns at Ashington

For information on all Gladedale developments visit Gladedale.com.