24 - Saturday 24th March
Stamp Duty Holiday Ends
The stamp duty holiday available on first time buyer mortgages and homes valued above £125,000 has officially ended today. The Government explained that the reason the stamp duty holiday has finished is because the scheme proved unsuccessful in encouraging people to purchase a new home.
This contradicts figures released by services such as the National Association of Estate Agents, who revealed that 23 percent of all property sales completed in December 2011 were first time buyer mortgages.
Mortgage news on 24th March 2012 is provided by external sources such as UK Mortgage Brokers as well as major building societies and banks.
- Stamp Duty holiday ends
The Stamp Duty holiday ends today (March 24th). The holiday allowed those buying a property to avoid paying a one per cent tax on new homes valued above £125,000.
Sat 24th Mar 2012 9:34am
- BUDGET 2012: ¿Never mind mansion tax, help first-timers¿
Stamp duty, the tax paid by the buyer, was raised last Wednesday on the most exclusive properties. But at the opposite end of the market the Chancellor ignored calls to help first-time buyers.
Sat 24th Mar 2012 10:22pm