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NAEA disappointed at chancellor’s report

The National Association of Estate Agents is disappointed that the chancellor did not take the opportunity to amend stamp duty levels in his pre-Budget report today.

Peter Bolton King, chief executive of the NAEA, says: “House prices have risen by around 150% since the 60,000 threshold for stamp duty was set over a decade ago meaning that practically every homebuyer is now liable for higher levels of this tax.

“Stamp Duty was never meant to be an all encompassing property tax, but with the chancellor’s refusal to adjust the scale, one can’t help wondering whether he is beginning to look on it as a contribution to his shortage in his spending.

“Home buyers should not be forced to pay for the chancellor’s errors in his budgeting.

“By failing yet again to bring this tax into the 21st century and adjust the levels accordingly, the government is faced with the possibility of the total extinction of first time buyers and serious effects on the health of the remainder of the market.”


The price we pay for a fragmented industry

For many years I have lobbied that there should be less fragmentation in the industry and this has certainly been the case in the area of the Financial Ombudsman Service.

Pink prepares check list to help brokers

Pink Home Loans has devised a five-point check list including transitional business, income, criteria, Key Facts Illustrations and facilities available to help intermediaries through the period after regulation.

Bristol & West to improve selected rates

Bristol & West Mortgages will improve selected mortgage rates from its core range on December 2. Lower rates will be available on a selection of discounted and fixed products across the standard and buy-to-let ranges.Top deals include a five-year fixed rate available at 5.05% and a three-year buy-to-let fixed at 5.59%Neena Kithoray, product manager of […]

Mortgage Trust appoints Monica Cole to sales team

Mortgage Trust, has appointment of Monica Cole as business development manager with immediate effect. Reporting to Austin Jelfs, head of sales and marketing, Monicas role will focus on enhancing and building intermediary relationships in Central London.Joining from Connect Mortgage Group, where she worked as a corporate business development manager, Cole brings with her extensive experience […]

Five ways to invest in the connected world

Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]


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