London’s first time buyers celebrate a good start to the new year
- 2nd February 2018
- Buying Property News
Stamp Duty cuts mean more first timers ready to buy - and good reviews will help them find the right agent
Last year many house-hunters’ dreams of owning their own home moved closer to reality when the government announced the abolition of Stamp Duty for first-time buyers up to £300,000, or, in London, the first £300,000 of their purchase up to £500,000.
Now research has highlighted just how important a saving that is – with first-time buyers in London cutting their moving costs by as much as 59% on average, against a national average of 45%!
For buyers who are now in a position to take the plunge, the next consideration is where to look and how to find the help and advice you need.
For first-timers in particular, finding an agent who can really guide you through the process and who understands the market, is key.
With this in mind, it’s perhaps no surprise that 70% of 25-34 year olds rely on reviews when selecting an agent*.
They’ll be looking for agents who provide excellent communication platforms, have a good range of high quality properties on their books and know their market inside out to ensure maximum performance, and a trusted reputation as well as having a strong online presence – all core values for ludlowthompson who are recognised by allAgents the largest customer review site for the property industry for acting with transparency as well as providing every customer with access to 24/7 viewing online.
Stephen Ludlow, Chairman at ludlowthompson, comments, “Stamp Duty changes mean more young professionals who have worked hard and saved long to build up a deposit are now able to get on the property ladder.”
“Buying a home is a major financial decision, and there’s a lot to think about. Finding an agent you can trust, who has good advice as well as good properties to offer, is important as buyers embark on this journey.”
Here is a selection of reviews of ludlowthompson and our amazing agents on the AllAgents website:
"Kirsty, Daniel and the team at ludlowthompson Oval were a dream to work with during the process of buying my first home. They were proactive and supportive during from start to finish and made sure that both interests of the vendor and myself were looked after. I would highly recommend them and they will be my first port or call when I look to sell the property in the future." Alex, Oval
“Throughout the sales process Emma and her manager Terence were always very responsive and happy to answer any questions we had. As first time buyers we needed some guidance, and Emma was always happy to help in any way she could, as well as being very informative regarding the property and area. I would definitely go back to ludlowthompson if we were to purchase something else.” LW, Bow
Stamp Duty changes mean more young professionals who have worked hard and saved long to build up a deposit are now able to get on the property ladder
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