Thu 25 Feb 2010
First Time Buyers Shouldn’t Panic Following Stamp Duty Changes, Says UK Broker
Posted by EPR Network under Business, Consumer Services, Featured, Financial, Home, Internet & Online, Real Estate
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Released on: February 25, 2010, 8:26 am
Author: The Mortgage Point
Industry: Financial
First time buyers who didn’t manage to find a new home before the government’s stamp duty concession ended shouldn’t despair, says a leading UK mortgage broker.
In an effort to tempt buyers into the market, the government removed the stamp duty levy on properties costing under £175,000 for just over a year, but the threshold was lowered back to £125,000 at the start of 2010.
Figures released this month by the Council of Mortgage Lenders show that prior to the deadline there was a spike in the number of loan completions in the final month of 2009.
