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Article: Did chancellor go far enough in doubling stamp duty threshold.
- Article from:
- Mortgage Strategy
- Article date:
- March 28, 2005
- Author:
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The increase in the Stamp Duty threshold will help some first-timers but a wholesale reform of the tax would be more useful, say our experts
MEHRDAD YOUSEFI is head of intermediary mortgages at Alliance & Leicester
The doubling of the threshold for Stamp Duty from #60,000 to #120,000 is good news for the housing market and there's no doubt it will help some buyers.
But lenders have mixed views on the change - like Mortgage Strategy, some think the threshold should have been increased to #150,000, some are calling for Stamp Duty to be overhauled completely and others are content with the boost this change will provide for many first-time ...