Beacon gets into Right to Buy

Beacon Homeloans has launched into the Right to Buy sector with a range that allows applicants to borrow up to 90% of the value of their houses, or 80% for flats, with a maximum of £1,000 County Court judgements per applicant.

Last week, Halifax revealed there has been a 281% increase in the number of home sales that attract 3% Stamp Duty over the past five years. With 279,408 homes priced above the £250,000 threshold last year it means 19% of home buyers were hit with Stamp Duty bills of at least £7,500.