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gruffydd

Uk Government To Suspend Stamp Duty...

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reportedly thinking of undertaking measures to ease the stamp duty burden

A 1% price fall takes care of it for them.

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So dropping 1% of the cost of buying a house is going to save the market, because the market is overvalued by 1% right??

Still I would favour the removal of the 1% stamp duty band.

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Cool, that'll free up mortgage lending :lol: Just tell the bank you don't have to pay the couple of £k stamp duty and they will just give you a £300k mortgage on your £25k income. :lol: All problems solved.

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reportedly thinking of... said to be considering possible changes... looking at a lot of different measures... possible moves could include... or ... or...

*cough*BULL*SHIT!*cough*

Edited by sossij

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If this is true it just confirms the Government doesn't understand what's going on. A cut in stamp duty will be of no avail if you can't get a mortgage to buy the property in the first place, and that's where the problem lies at the moment - the banking system.

Still, if they do it, then Krusty's arguments are exploded once and for all. :rolleyes:

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When you look at the catastrophe unfolding across the pond and consider how badly that's going to affect the UK you realise this measure is just whistling in the wind.

As increasing number of sheeple become increasingly aware of the scale of the problem - and get frightened - only the very most ignorant will want to indulge in this fantasy.

Edited by Dave Spart

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IMPO this is just VI nonsense - how would this help anything?

It would not benefit the Government and, frankly, the stamp duty is not the problem - ridiculously over-priced houses are.

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In other news:

"King Canute to reverse tide"

"Government to stop sea level rise with a bucket and spade"

STOP PRESS:

Captain of Titanic rearranges deck chairs ahead of arctic cruise.

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IMPO this is just VI nonsense - how would this help anything?

It would not benefit the Government and, frankly, the stamp duty is not the problem - ridiculously over-priced houses are.

The thing is they don't even realise that they may actually be putting people off buying as they await the the stamp duty cuts (and that it won't have any effect).

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Who is that very shaggable totty on the link?

Google "Caroline Flint".

Any relation to Keith Flint of the Prodigy I wonder?

She's the bitch you hated, yeah, filth Infatuated

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I'm sure this will please all those that bought last year and paid their stamp duty with a 100% mortgage too

their now down £20,000 and the cost of the stamp duty, vote winner this one.

Great! But what we all need is a holiday from this bunch of half wits.

HAL

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This thread got me thinking...

If we do have a housing crash of 30/40% (which isn't impossible), then surely the government will have to re-band stamp duty downwards?

Does anyone know if there is any precedent for this?

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  • 399 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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