Reforms by Chancellor George Osborne have left 71% of first time buyers needing to pay stamp duty on their properties. This has made getting on the first rung of the property ladder more difficult and unaffordable than ever. Stamp duty can add anything between 2-12% to the final purchase price of a property. Osborne’s reforms are having a big impact at the lower end of the market, despite claims they were brought in to help first time buyers.

Buying a house is becoming even more unaffordable for first-time buyers – Business Insider