Royal Gardens steps in with stamp duty pledge

First time buyers in Daventry are set to get a major boost by paying their stamp duty on homes which reserve and exchange by the end of January 2010.

The development, on Ashby Road, is extending the stamp duty holiday for another month until 31st January 2010 on selected plots worth up to £175,000.

The Stamp Duty holiday was introduced by the Government in September 2008 with the intention of helping first time buyers get onto the housing market and is due to end on the 31st December 2009 when it is expected that homebuyers paying up to £175,000 for their properties will once more have to pay 1 per cent of the purchase price to the Government in tax.

 Linda Androlia, sales director at Miller Homes West Midlands, commented:  “The stamp duty holiday has been a very successful scheme in terms of attracting buyers into the property market and onto the housing ladder.  The extension will enable even more first time buyers and renters to achieve their dream of owning a new home.”

However, Linda warned that time is running out.  “Potential buyers need to act quickly to find their property and start the buying process.  Realistically, to achieve the 31st January 2010 deadline, buyers in the Daventry area must start the process in November 2009.”

The development is located on Ashby Road just outside the centre of Daventry, easily accessible from junction 16 of the M1. For further information visit millerhomes.co.uk.