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Latest News from Secured Loan Now - AMI supports stamp duty proposals - 3 February, 2010
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The Association of Mortgage Intermediaries (AMI) has voiced its support for Conservative plans to raise the current stamp duty threshold to £250,000.
Robert Sinclair, AMI Director, said: “The current Stamp Duty regime distorts the market and prevents first time buyers from getting a foot on the property ladder.”
“The Stamp Duty holiday last year was a welcome piece of common sense from Government. And the Conservative plans to raise the Stamp Duty threshold to £250,000 would provide a welcome boost to many first-time-buyers and also provide assistance to first time movers in many parts of the country. This would do much to support the housing market.”
”However, what we urgently need is a more fundamental review of this antiquated tax.”
This could also have a general knock-on effect on other forms of finance being more readily available such as secured loans, business loans and bridging loans.
Posted 03/02/2010 09:04:04 |
