In an announcement made just this afternoon the Chancellor of the Exchequer has said that buyers will no longer have to pay stamp duty for property up to £500,000 (no news on second homes though). To put that in to perspective, here are the savings buyers will make when purchasing: £150,000 – £500£200,000 – £1,500£250,000 – £2,500£300,000 – £5,000£350,000 – …