Housebuilder Barratt Developments has announced a slew of buyer incentives, including paying stamp duty for homes worth up to £500,000, in a desperate bid to kick start its dwindling number of property sales.

The struggling builder has unveiled an unprecedented offer of paying up to £15,000 of stamp duty for buyers - as well as two other incentives offering a part-exchange plan and a three-year guarantee 'price promise' that aims to shield buyers from a fall in the value of their home.

Barratt said its move follows the Government's decision to raise the stamp duty ceiling to £175,000 last week, which it deemed 'well below the value of many modern homes'.

Daily Telegraph