Sunday, March 9, 2008
Stamp duty has again become an issue for first-time buyers because the stamp duty thresholds have not kept pace with house price inflation,”
The average stamp duty bill for first-time buyers has almost doubled over the last five years, says a report from mortgage lender Halifax. The average bill in 2007 was £1,751 compared with £960 in 2002. In the South East, South West and East almost all first-time buyers paid stamp duty, while in Northern regions only 42% were liable, the report said.