Miller Homes welcomes 'Budget for first time buyers'

Miller Homes, the UK’s largest independent housebuilder, has welcomed the Government’s “Budget for First Time Buyers” and has predicted that the move will help thousands of buyers onto the property ladder.

The Chancellor of the Exchequer’s announcement that stamp duty has been axed on house sales under £250,000 for first time buyers, with immediate effect, has been described as a major boost to both first time buyers and the housebuilding sector.

Sue Warwick, National Sales and Marketing Director for Miller Homes commented: “Miller Homes has been at the forefront of supporting the aspirations of first time buyers. We are delighted that the Chancellor has announced what is, in effect, a Budget for first time buyers and we are confident that this initiative will be supported by those who are struggling to get onto the property ladder.”

Miller Homes has been championing the cause of first time buyers with a series of initiatives to promote confidence amongst buyers, including support for the Government’s Home Buy Direct initiative which is specifically aimed at first time buyers, its own shared equity scheme, MiWay, and Deposit Match which aims to bridge any shortfall in deposit that may keep first time buyers out of the property market.

Warwick continued: “This is a major boost to first time buyers and also to Housebuilders who have been striving to assist first time buyers onto the property ladder. The combination of the axe in stamp duty, low prices and innovative finance schemes, such as Home Buy Direct and MiWay, all add up to an unprecedented opportunity for first time buyers to make their move into a new home. My message is, now is the time to buy.”