Summary
HBOS is to mount a campaign against the government's refusal to reform stamp duty, as evidence grows that first-time home-buyers are being squeezed out of the market.
The Edinburgh-based banking parent of Halifax and Bank of Scotland will urge ministers to raise the 1 per cent stamp duty threshold, which has not changed since 1993 when it was applied to a GBP 60,000 home.See the full content of this document
Extract
Hbos Mounts Fight for Stamp Duty Shake-Up
Few first-time buyers paid the duty in those days, but house prices have rocketed since then, which means more home-buyers, including cash-strapped first-time ...
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