1 Apr

First-time buyers expected to return to the market

First-time buyers expected to return to the market

First-time buyers are more likely to be thinking about making a purchase this Easter, as a result of changes to stamp duty.

That is the suggestion of moneysupermarket.com, which noted that such consumers are welcoming measures announced by chancellor Alistair Darling in last week's Budget.

The charge is being waived for anyone buying their first property if it is worth less than £250,000 - although the existing threshold of £125,000 remains in place for the rest of the population.

And mortgage channel manager at the price comparison site Hannah-Mercedes Skenfield commented: "As we approach one of the busiest weekends of the year for house-hunting, the first-time buyer could well be back out after months of hibernation."

Last week, Ed Bowsher of Lovemoney.com called for more to be done to assist those trying to get on to the property ladder, although he welcomed the stamp duty move as a positive development.
ADNFCR-1222-ID-19702528-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.