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Around three in five (58%) millennials currently saving for a home deposit are more confident in their ability to purchase their own home following the Chancellor’s Stamp Duty cut at the end of last year, according to the latest sentiment study from Foresters Friendly Society.

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Back in the Autumn Budget in November, Chancellor Philip Hammond cut Stamp Duty for first time buyers on property’s worth up to £300,000. Those buying homes worth up to £500,000 will not have to pay Stamp Duty on the first £500,000 – this is to help those purchasing in more expensive parts of the country, such as London.

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