TITLE

Budget chance to kick-start market

PUB. DATE
March 2008
SOURCE
Mortgage Strategy;3/10/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
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.
ACCESSION #
31401694

 

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