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Portman Building Society Suggest Stamp Duty Paid By Seller

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http://investing.reuters.co.uk/news/newsAr...RNA-PORTMAN.xml

Portman calls for stamp duty to switch to seller

Mon Mar 13, 2006 8:56 AM GMT

LONDON (Citywire) - With the budget only days away the vested interests are making their representations to Gordon Brown.
Favourite for reform is stamp duty on house purchases, which, it is widely agreed, is applied in an illogical fashion and distorts the housing market.
And in a radical move, Portman Building Society is calling for sellers to be liable for stamp duty rather than buyers.

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http://investing.reuters.co.uk/news/newsAr...RNA-PORTMAN.xml

Portman calls for stamp duty to switch to seller

Mon Mar 13, 2006 8:56 AM GMT

LONDON (Citywire) - With the budget only days away the vested interests are making their representations to Gordon Brown.
Favourite for reform is stamp duty on house purchases, which, it is widely agreed, is applied in an illogical fashion and distorts the housing market.
And in a radical move, Portman Building Society is calling for sellers to be liable for stamp duty rather than buyers.

All the seller will do is add it to the selling price.

Move along, no bargain to be had here :lol:

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All the seller will do is add it to the selling price.

Move along, no bargain to be had here :lol:

All it shows is that the VIs are looking for ways to keep the dying horse alive for awhile longer! Why can't they just accept that economies run in cycles which means bad days and good days.

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All it shows is that the VIs are looking for ways to keep the dying horse alive for awhile longer! Why can't they just accept that economies run in cycles which means bad days and good days.

Believe me when I say that I`m bored listening to the amount of lenders who see the FTB market as all that`s left...question is what to do? ;)

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Believe me when I say that I`m bored listening to the amount of lenders who see the FTB market as all that`s left...question is what to do? ;)

I must be dense - but I don't see how this move would benefit FTBs over and above their competitors (not their counterparties) i.e. BTLs, second/third/fourth homers, feudal overlords etc etc

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All the scraping of Stamp Duty is doing is moving the house price boundary upwards.

With it stuck at 60,000, most people were pricing their houses just under that value (flates etc0

Now the 60,000k ceiling has gone, people are now sticking their houses around 150,000k

If this gets totally scrapped or even worse - only pay stamp duty on figures over that total - I believe this will push house prices up even further!!

Stamp duty was keeping house prices down to a real level - yes the higher the price of a house increase the stamp duty - makes only sense.If you can afford 1 million for a house, pay 5% stamp duty!

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I don't haven't anything useful to add other than I think that the Portman Building Society are a complete and utter bunch of C**Ts.

Edited by Xurbia

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http://investing.reuters.co.uk/news/newsAr...RNA-PORTMAN.xml

Portman calls for stamp duty to switch to seller

Mon Mar 13, 2006 8:56 AM GMT

LONDON (Citywire) - With the budget only days away the vested interests are making their representations to Gordon Brown.
Favourite for reform is stamp duty on house purchases, which, it is widely agreed, is applied in an illogical fashion and distorts the housing market.
And in a radical move, Portman Building Society is calling for sellers to be liable for stamp duty rather than buyers.

they do, on new builds..

they also pay half your mortgage for a year.. and give big old cash backs..

Please.... Please buy these flats... :)

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Guest Bart of Darkness

I don't haven't anything useful to add other than I think that the Portman Building Society are a complete and utter bunch of C**Ts.

:lol:

I don't know though, surely someone would find that useful?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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