• From The Telegraph:

    Buyers of homes worth up to £175,000 will not have to pay stamp duty, the Chancellor has announced in a surprise move to try to revive the housing market. Alistair Darling said the £125,000 threshold at which buyers pay 1 per cent stamp duty will be raised from tomorrow. Telegraph TV: Hazel Blears on the Government’s attempt to revive the housing market It will be frozen at the new level for one year. It is the first major move in Gordon Brown’s attempt at an autumn relaunch. He also announced a range of measures to try and help home owners who face having their properties repossessed because of the credit crisis. Mr Brown said: “Homeowners need to know that we will do everything we can to keep the housing market moving forward. Help with stamp duty, help for first-time buyers, help to build more social housing, help to take unsold properties off the housing market and help for people who get into difficulties. “These are the things a government should do to help…

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    Posted by Jon @ 12:48 pm

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