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Article: One in four FTBs find stamp duty a major burden.(Brief Article)
- Article from:
- Money Marketing
- Article date:
- January 13, 2005
CopyrightCOPYRIGHT 2005 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Stamp duty is a major obstacle for a quarter of first-time buyers, according to research by Alliance & Leicester Mortgages.
Half of first-time buyers say they only realised stamp duty was an additional expense after beginning the mortgage process.
One in four found out about stamp duty while shopping around for their mortgage, one in 20 discovered the cost from their solicitor while one in 20 did not learn about stamp duty until they had received their mortgage offer.
Of buyers looking for a property in the next 12 months, 63 per ...