The Chancellor has just announced that from midnight tonight first time buyers will not have to pay stamp duty on properties costing upto £250,000. This will save 1% of the purchase price for those that would have paid over £125,000 for a property. Therefore on a purchase of a property costing £150,000 a saving of £1,500 will be made. It’s a shame it is not for all homemovers as that really would have helped the housing market.