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Article: Strategy campaign pays off.(Mortgage Strategy journal's campaigning to raise stamp duty successful)(Brief Article)
- Article from:
- Mortgage Strategy
- Article date:
- March 21, 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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Chancellor Gordon Brown doubled the starting threshold for Stamp Duty to #120,000 from #60,000 in the Budget last week - a victory for Mortgage Strategy.
MS has been campaigning since last November for the threshold to be raised and delivered its Step Up Stamp Duty petition to 11 Downing Street in the run-up to the Budget.
Mike Perry, associate director of sales and marketing at Amber Homeloans, says: "I was surprised the lobbying on Stamp Duty paid off. It shows someone is listening to lobbyists, including MS' successful campaign."
Though the move is expected to help nearly 380,000 homebuyers avoid Stamp Duty, the increase is not enough to ...