Continue the Stamp Duty holiday in Prescot

Although the government has now ended the stamp duty holiday, leading housebuilder Taylor Wimpey has pledged to continue to cover the cost of the tax for its purchasers on selected homes. The housebuilder hopes the move will further boost recovery in the housing market as well as save buyers thousands of pounds.

The government scheme had made properties under £175,000 temporarily exempt from the duty, but since 1st January 2010 purchasers have to pay the one per cent tax for properties costing between £125,000 and £250,000. The cost is even greater for larger homes – three per cent on houses priced between £250,000 and £500,000 and four per cent for those over £500,000.

Taylor Wimpey has now said that it will continue to cover the cost of stamp duty on selected properties, including homes at the George Wimpey development Manor Court in Prescot, which has three and four bedroom homes available from £145,995 and where two bedroom apartments with allocated parking are available from £84,995.

Anthony Mansfield, regional sales and marketing director, comments: “The stamp duty holiday was largely seen as a step in the right direction and provided much needed support for many first time buyers particularly across the North West where many properties are under £175,000. Our scheme will continue to support these purchasers as well as those buying larger houses where the cost of stamp duty is even greater.”

Paying purchasers’ stamp duty is just one of a range financial and practical initiatives Taylor Wimpey is currently offering to help get people moving. For further information on the full range of schemes from Taylor Wimpey Manchester, log on to taylorwimpey.co.uk.