Stamp duty holiday extended
The government has announced that it will extend the stamp duty holiday in the UK, which could be good news for those looking to secure a cheap mortgage.
Alistair Darling has announced an extension of the stamp duty holiday until the end of this year, which could be good news for people looking to take advantage of the current property market by securing a home mortgage.The chancellor's decision means that customers buying houses in the UK will not have to pay stamp duty on any property worth less than £175,000. This could offer considerable savings for some home mortgage holders.
Mortgage lenders such as HSBC have welcomed the move, which it is hoped will help to kick-start the property market.
In a statement, the bank said: "[The] move by the chancellor to help first[-] time buyers, by extending the stamp duty holiday for all homes of up to £175,000 until the end of the year, is welcome news."
Alistair Darling announced a raft of other measures in the budget, including £1.7 billion-worth of investment in getting unemployed people back to work.
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