View more on these topics calls for housing shake-up

Home move service is urging for a much needed shake-up in the housing market ahead of the governments range of emergency measures expected tomorrow.

Keith McNeilly, co-founder of, says the governments anticipated rescue package is urgently needed to successfully steer the country away from an impending recession.

He says: I would hope to see a complete overhaul of the archaic Stamp Duty system, with all properties under 250,000 becoming exempt. This would offer far greater long-term benefits for first time buyers and those with lower incomes than a temporary suspension, which is more likely to create a boom and bust situation.

He adds: I would like to see a first-time buyer saving scheme, which would see the introduction of tax free savings and be supported by government contributions.

“This would provide further incentives and assistance for consumers looking to buy their first home and could prove key in enticing first-time buyers back into the market.


Mixed predictions for housing market

Unsurprisingly, the mortgage trade press has been awash with predictions about when the housing market will bottom out and take a turn for the better. But I’m none the wiser based on some of the more extreme views expressed by industry commentators.

NR repossessions revealed

Research from Standard & Poor’s reveals Northern Rock is responsible for originating the mortgages for one in 13 properties repossessed in the first half of 2008.

A good time to invest in IT

The time may be right for lenders to batten down the hatches and weather the credit crisis but Andrew Levers, head of marketing and propositions at Experian’s N4 Solutions, argues it is also a good time to invest in technology

A darker shade of green

Eco-towns are being flagged up as the way to a greener tomorrow but Peter Fall, managing director of Clear Building Survey, asks whether we shouldn’t first be doing more to improve the energy efficiency of the UK’s 22 million existing homes, and what role financial service providers can play


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