Halifax to pay half of stamp duty bill for homebuyers on properties up to the value of £250,000.
This applies to both first-time buyers and homemovers and will reduce a buyer’s costs by up to £1,250.
Recent research from Halifax shows that 49% of homemovers paid between £125,000 and £250,000 for a home in the first quarter of 2012.
However, there were significant regional variations with two out of three homemovers in East Anglia and the South West purchasing a property between £125,000 and £250,000.
At the other end of the spectrum, only 39% of homemovers in London bought within this range.