29/10/2018 16:39 GMT | Updated 30/10/2018 10:09 GMT

Budget 2018: Stamp Duty To Be Abolished For First-Time Buyers Of Shared-Ownership Homes

For properties valued up to £500,000.

Stamp duty will be abolished for all first-time buyers of shared ownership properties valued up to £500,000. 

The move will be applied retrospectively to the date of the last Budget, which saw the abolition of stamp duty for all first-time buyer home purchases up to £300,000. 

Chancellor Philip Hammond announced a further £500 million for the Housing Infrastructure Fund, designed to unlock a further 650,000 homes; a new wave of strategic partnerships with nine English Housing Associations to deliver 13,000 homes; and up to £1 billion of British Business Bank guarantees to support smaller house builders.