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The Smart Comment - Stamp Duty threshold raised to £250,000

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David Bexon, Managing Director of smartnewhomes.com, comments on the raising of Stamp Duty threshold to £250,000:

“We are delighted that the Government has finally listened and is scrapping Stamp Duty for first-time buyers of properties up to £250,000, something we have been calling for for some time. While many developers already offer a range of incentives that often include stamp duty paid, this crucial cost saving is a real chance for the UK to get moving. However, some of the sparkle will be lost if lenders continue to refuse to look more favourably on their first-time buyer mortgages, which are still sadly lacking in the new build sector."
 

See Also:   (371), (6711), (25), (7), (19)

Date Published: 24 March 2010

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