• From The BBC:

    Housing groups have given a guarded welcome to the changes to the stamp duty threshold and other housing measures announced by the government.
    Stamp duty is to be axed for a year on properties costing less than £175,000, lifting the 1% purchasing tax threshold from £125,000.
    The government is also planning to give help to first-time buyers with loans on newly built properties in England.
    The Conservatives said the proposals would not help most families.
    Many groups welcomed the move, but also called for more to be done.

    “Essentially this package is directed at the blockages in the housing market for some vulnerable consumers,” said CML director general Michael Coogan.
    “This is welcome, but until more funding is available we are still some way from restoring long-term stability to the housing and mortgage markets.
    “But we welcome the announcement of reforms to Income Support for Mortgage Interest next spring, where the waiting time for new claims is being cut from 39 weeks to…

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    Posted by Jon @ 11:55 am

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