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David Bexon, Managing Director, SmartNewHomes.com, comments on today’s pre-budget report:
“Today the Chancellor has let down first time buyers across the country, ignoring the potential benefits of scrapping stamp duty for those taking their first step onto the housing ladder.
“While today’s commitment to longer term, fixed rate mortgages will prove valuable in offering vulnerable buyers security, it will do nothing to ease the initial costs incurred when buying a new home.
“The Government needs to take action now and scrap stamp duty for first time buyers if it does not wish to be responsible for their continued decline. If these buyers stay away there is a very real risk that the market will go into freefall.”
See Also: Press Releases (371)
Date Published: 09 October 2007
