By Martyn Baudains

Guernsey tax changes proposed in the Budget this morning are likely to benefit first-time buyers and to encourage homeowners to hunt out and switch to better interest rates, says Ogier property partner Martyn Baudains.

Advocate Baudains says that the proposals to remove document duty from all bonds – whether for a new purchase, additional borrowing or moving a mortgage between banks – will help Islanders onto the property ladder.