Stamp Duty Holiday Ends At Christmas - But Barratt Vows To Extend It Into 2010

    LEICESTERSHIRE, ENGLAND, December 20, 2009 /24-7PressRelease/ -- THE Chancellor confirmed that the Stamp Duty holiday on homes worth up to GBP175,000 will end on 31st December. But Barratt is extending its offer into 2010 to scrap the tax on all its homes for sale up to GBP250,000.

This effectively means that the majority of Barratt homes nationwide will continue to be exempt from Stamp Duty because Barratt could pay it on their buyers' behalf.

"When people want to move home, Stamp Duty is an additional cost which can sometimes make the difference between being able to afford it or not," said Jeremy Hipkiss, Head of Sales and Marketing at Barratt.

"So it's not good news for anyone looking to buy in 2010 that the Government is ending the exemption period on properties worth up to GBP175,000."

"If you decide to buy a new home in the New Year, however, you could still effectively pay no Stamp Duty on a home worth up to GBP250,000. This is a great opportunity for anyone thinking of moving to save themselves thousands of pounds simply by buying from Barratt."

For added piece of mind, buyers can also benefit from Barratt's new five year guarantee on fixtures and fittings in their new home at the time of purchase.

Items covered at no extra cost to the buyer will include appliances such as washing machines and refrigerators, kitchen units, wardrobes, the central heating system, fires, doors, windows, drainage, the hot and cold plumbing system and even the driveway.

NOTES TO EDITORS:
1) For further information please contact Dan Bridgett, Head of External Affairs at Barratt Developments PLC, on +44 207 299 4873 or +44 7721 395501 or [email protected]
2) Barratt Group is expected to build 12,000 homes in the current financial year, making it the biggest housebuilder by volume in Britain.
3) Barratt Group was the only major housebuilder to be given a four star rating - its highest ever score - in 2009's HBF Customer Satisfaction Survey.
4) In 2009 site managers working for Barratt Group won the highest number of NHBC Pride in the Job Quality Awards for a record fifth consecutive year.
5) Barratt Group is the only housebuilder to guarantee the fixtures and fittings in place at the time of purchase of its new homes for five years.
6) Barratt Group is also one of Britain's foremost sustainable housebuilders. It has now started on site at the Hanham Hall development near Bristol which will be the first Code for Sustainable Homes Level 6 community in the UK when it is completed in 2011.
7) Images of a selection of developments are available to the media at http://www.barrattdevelopments.co.uk/media/photographs/barrattgroup/

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