Politics
UK to Charge Builders 4% of ‘Your First Home’ Program Sales
Key Points
UK to Charge Builders 4% of ‘Your First Home’ Program Sales The UK will charge housebuilders as much as 4% of the sale price on properties bought under the new Your First Home program. Developers who participate in the subsidized program for first-time buyers will pay a staggered rate to help fund the running costs. The rates will start at 1% for the first 100 homes sold, 3% on the second band up to 250 homes and 4% on homes above that, according to the UK government website.
UK to Charge Builders 4% of ‘Your First Home’ Program Sales
The UK will charge housebuilders as much as 4% of the sale price on properties bought under the new Your First Home program.
Developers who participate in the subsidized program for first-time buyers will pay a staggered rate to help fund the running costs. The rates will start at 1% for the first 100 homes sold, 3% on the second band up to 250 homes and 4% on homes above that, according to the UK government website.