Budgets 2017

29 November 2017

Molly Savino

It’s been a week since the Budget 2017 information was released and the most popular discussion has been around the changes to Stamp Duty. The removal of SDLT for first time buyers purchasing a property under £300,000 is great news for our region and for those considering the Shared Ownership scheme. 

Many first-time buyers may choose to use the money they had kept aside to pay this tax bill to increase their deposit and therefore reduce their mortgage amount. This change comes with many benefits particularly to those in the South East of England where the average home bought by a first-time buyer could save £3,948.  

Cambridge and County Developments have been involved with providing many Shared Ownership homes this year, including the following schemes which, following this change, are more affordable now than ever before!


The Paddocks, Cheveley

2x three bedroom homes in an idyllic village setting

Shares available from £170,000

Station Road, Great Shelford 

4x modern apartments conveniently located with links to Cambridge & London

Shares available from £145,000

Ellis Gardens, Burwell

5x two bedroom homes in sought after location

Shares available from £127,500