SNP proposal to help new house buyers

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SNP proposal to help new house buyers

Fri 22nd Apr 2005

The SNP is proposing a £2,000 offer to first time buyers as an alternative to the new Tory proposals on the reduction of stamp duty.

This offer would help young Scots more than opposition party plans said Pete Wishart, SNP general election co-ordinator and candidate for Perth and North Perthshire.

Mr Wishart indicated that the median price for a home in Scotland is £118,123. A young family buying their first house at that price would profit £800 more under these SNP proposals.

Buyers living in Dundee would have £1100 more and those in Paisley £1,000 more.

"We all know house prices are higher in England - over £100,000 higher on average in the south east - and so once again we have a policy from the Tories designed for English conditions," he said.

"It is a policy that will benefit an average family in England more."

The Tories propose increasing the stamp duty threshold to £250,000, exempting 80 per cent of transactions from the tax. Chancellor Gordon Brown announced recently that the stamp duty threshold was being doubled to £120,000.

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