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: Press Releases (371), Property News (6711), Stamp Duty (25), Alistair Darling (7), The Smart Comment (19)
Date Published: 24 March 2010