Budget chance to kick-start market

March 2008
Mortgage Strategy;3/10/2008, p5
Trade Publication
The author discusses the need for the British legislators to approve the proposed increase of the minimum threshold for Stamp Duty imposed on first-time home buyers. With the slumping of the housing market and the increase in house prices, he believes increasing the minimum Stamp Duty threshold to £150,000 is necessary in kick-starting the housing market. The author also thinks that large mortgage lenders should take some social responsibility as estate repossession increases.


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