Alliance & Leicester campaigns against stamp duty
www.moneynews.co.uk > Mortgages > Alliance & Leicester campaigns against stamp duty
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Money News |
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Alliance & Leicester campaigns against stamp duty
Wed 21st Mar 2007
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The news follows chancellor Gordon Brown's decision not to raise the threshold upon which one per cent stamp duty is paid from £125,000 in today's Budget.
According to research carried out by the group, almost two thirds of first-time buyers are searching for homes which are above the £125,000 threshold.
With house prices having risen by 11 per cent in the last year, according to government figures, the average first-time buyer needs over £150,000 to be able to make their first investment in bricks and mortar.
"First-time buyers are a vital part of the housing market and the government should be doing everything it can to encourage more people to become homeowners," said Stephen Leonard, director of Alliance & Leicester mortgages.
Alliance & Leicester mortgages come in a range of different formats, including packages for existing premier and premier direct account customers.
Fixed-rate, tracker and discount options are more of the Alliance & Leicester mortgages available.
Related News : Mortgages |
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Related News : Alliance & Leicester |
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