End of stamp duty holiday led to higher value purchases by first-time buyers in Scotland
Scottish first-time buyers bought higher-priced property than usual in the first quarter of 2012, taking advantage of the stamp duty concession, according to new figures released today by the Council of Mortgage Lenders in Scotland.
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First-time buyer activity in Wales less affected by end of stamp duty
With the majority of first-time buyers in Wales typically buying homes under £125,000, the end of the stamp duty holiday had a smaller impact in Wales than in the UK.
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Stamp duty holiday drove mortgage activityThe end of the stamp duty concession led to a surge in activity in the mortgage market in March, according to new data released today by the Council of Mortgage Lenders.
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Bank of Scotland extends pledge to pay 50% of stamp duty costs to both first-time buyers and homemovers
Bank of Scotland has announced the extension of its pledge to pay half of the stamp duty land tax for properties up to the value of £250,000.
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Members of the HSBC Housing Debate panel who gathered in Central London on the 19th April to discuss the property market have agreed that house prices are likely to remain broadly flat over the next 12 months.
Yorkshire Building Society is urging first time buyers not to be deterred from purchasing a property because the stamp duty holiday has ended.
With the first time buyer stamp duty exemption coming to an end on 24 March, Halifax has announced the launch of a new product designed to ease the burden for first time buyers taking their first steps on the property ladder.
The BPF is pleased commercial property is being left unaffected by reform of stamp duty land tax, but has expressed concern that changes to the capital gains tax regime may restrict investment in UK residential property.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
