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<p>The Government remains committed to making the aspiration of homeownership a reality
for as many households as possible.</p><p> </p><p>We operate a range of schemes that
aim to increase the supply of low-deposit mortgages for credit-worthy households,
including first-time buyers, increase the availability of new housing, and stimulate
economic growth. These include the Mortgage Guarantee Scheme, which is open until
the end of 2023, as well as First Homes and Shared Ownership through the Affordable
Homes Programme. The Government also helps first-time buyers to save for a deposit
through the Lifetime ISA and Help to Buy: ISA.</p><p> </p><p>We are also investing
£11.5 billion to build more of the affordable, quality homes this country needs.</p><p>
</p><p>Over 837,000 households have been helped to purchase a home since Spring 2010
through Government-backed schemes.</p><p> </p><p>On 23 September 2022, the Government
also cut Stamp Duty Land Tax, doubling the threshold at which SDLT becomes due from
£125,000 to £250,000 and expanding First-Time Buyers Relief raising the threshold
at which stamp duty becomes payable from £300,000 to £425,000. The maximum property
value on which First Time Buyers Relief can be claimed has also been lifted from £500,000
to £625,000. These changes will remain in place until 31 March 2025 to support the
property market.</p><p> </p>
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