Mortgage Papers. Stamp Duty & New Housing Measures

Housing Market News And Views Stamp Duty & New Housing Measures

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Date Published:
03/09/2008

So, the overall picture is a barely positive reaction. The most interesting tv interview yesterday was with Lord Lamont, who was an equally ill-starred Chancellor of the Exchequer for the Conservatives back in the early nineties, when similar (if slightly more generous) measures with stamp duty were taken then. He said that in retrospect, the stamp duty holiday he created had little or no effect on the market.

However, possibly the best news is that the announcements themselves have been made. This will allow anyone was holding back to put their house up for sale or to make that offer - and this in itself may breathe a little optimism back into the market, which could be enough, if not to help it rise then to maintain its current status - rather than allowing it to drop further.

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  1. We're trying to sell our house and relocate to be near my husbands work place. These new measures will maybe negate us having to pay stamp duty if we manage to sell in the time scale, but we live in an area that was exempt up to 150k, so won't make any difference to prospective buyers for us, also the help for first time buyers is only on new build so people like ourselves won't get the knock on chain effect that we need and that the whole housing market needs. All in all I don't see our situation (or address) changing very soon - unless channel 4 want to help us!!
    Posted by maggie m on 03/09/2008 15:47:25
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