We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
No stamp duty holiday after all
moike
Posts: 104 Forumite
Source : The Times online
Oh well just have to pay it after all ......Mr Brown will give first-time buyers help in the form of a new product, HomeBuy Direct. Those earning less than £60,000 a year will be eligible to apply for a loan of up to 30 per cent of the value of a new-build house. The loans will be backed by the Government and the housing developer, and will be free for five years. Mr Brown is hoping that this will also help home-builders and construction companies, many of which are sitting on thousands of empty flats and houses built during the property boom. The Government will also bring forward funds to speed up the development of social housing. It is not clear how much the total housing package will be worth but sources indicate it will be below £1 billion.
Mr Darling has refused to approve a suspension of stamp duty for the cheapest houses, amid continuing tensions with No 10 over the extent of the package.
0
Comments
-
banks will love that one, the government gets 1st call on 30% of purchase price, the remainder might drop by 30% so even with a deposit their risk is substantially higher.
any one else get the idea this government is taking the 100 monkeys in a room approach to policy making.0 -
Does it really help FTBs to have cheap finance for property that's grossly over-priced?No reliance should be placed on the above! Absolutely none, do you hear?0
-
GMTV currently reporting that Stamp duty lower threshold will be raised from £125K to £175K, which would be excellent news for me !! but it looks like we will have to wait for the little Darling himself to confirm all this !0
-
I must be missing something. How is this supposed to help the market? Surely it's going to push prices even further down if FTB's all flock to buy new builds. It's going to be harder for people with smaller properties looking to move up the ladder to sell which will have an effect up the chain.Questions are a burden for others; answers a prison for oneself.0
-
How does this help people get a mortgage to buy, isn't it mainly the lack of mortgages because no one has a deposit the reason for all this!?!?!?!?!.......
oh I see........
the government are helping out the housing developers sell their overpriced stock buying allowing you a 'free' 30% deposit.......
Vote Labour..........hmmmmmm :mad:A blonde... cleverly disguised as a Brunette.......;)0 -
GMTV currently reporting that Stamp duty lower threshold will be raised from £125K to £175K, which would be excellent news for me !! but it looks like we will have to wait for the little Darling himself to confirm all this !
Can anyone comment on this? I can't find anywhere anything about raising stamp duty....Spring into Spring 2015 - 0.7/12lb0 -
I heard this on GMTV also ......A blonde... cleverly disguised as a Brunette.......;)0
-
It's just been confirmed on BBC news 24 ,Breaking news: raise in lower threshold to £175K woohoo0
-
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards