First-time buyers make most of stamp duty holiday

Tuesday, February 14, 2012. admin @themovechannel

The number of first-time buyers, who are currently exempt from paying stamp duty on properties up to £250.000, increased in December, according to data released by the Council of Mortgage Lenders.

The number of first-time buyers, who are currently exempt from paying stamp duty on properties up to £250.000, increased in December, according to data released by the Council of Mortgage Lenders.

There were 18,700 loans advanced, worth £2.3 billion, up 7% by volume and 10% by value, from November.

There was also an increase in the proportion of properties (from 50% to 53%) bought by first-time buyers within the price band currently exempt from stamp duty, making it likely they are beginning to rush through purchases before the concession ends in March.

Lending to movers, however, experienced a seasonal decrease in December from 29,300, worth £4.8billion, in November to 28,700, worth £4.6 billion.

Source: PropertyTalkLive.co.uk

 


Author - Dan Johnson
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