View more on these topics

Blair sparks hope of Stamp Duty cut

Blair has vowed to help aspiring first-time buyers who have been priced out of the market, saying: “We will increase the supply of new housing and helping people to get onto the housing ladder.”

Stamp Duty on houses in the UK is currently paid on properties over £60,000.

Rob Clifford, managing director at Mortgageforce, thinks a cut in Stamp Duty would help the current housing situation but that more would still need to be done.

He says: “Stamp Duty is certainly outdated but it is 50/50 whether the government will respond to pressure. There are other measures it could take to help first-time buyers – it might do what other countries have done and extend the key worker scheme.

“The problem is affordability and supply. There simply must be more housing coming onstream so that the demand can be satisfied more easily.

“There is a desperate shortage of housing and the government would be better spending its time and energy ensuring affordable housing.”

Recommended

Genesis offers solution to ARs wanting to go independent

Genesis was the first network to make brokers aware of a problem arising out of the FSA regulations, which stipulate that a broker calling himself independent must offer his clients a whole of market product range and the option to pay a fee for the service provided. Where the client opts to pay a fee […]

TMW lowers rental income ratio on B2L deals

The previous ratio was 130%, which has now dropped to 125%. This will be based on a nominal rate of 5.99% or the actual pay rate if higher up to 80% LTV. Paul Howard, associate director for Portman Group Intermediary says that after the recent interest rate rises it didn&#39t seem right to factor in […]

Forrester Research to hold Financial Services forum

The main theme of the event will be keeping customers happy without breaking the bank. While business and marketing executives are struggling to understand, serve and satisfy their ever more demanding and fickle customers, IT executives are faced with outdated technology platforms and limited budgets. At this Forum, Forrester Research will mix strategic and tactical […]

Life insurance website launch

Users simply go online, complete a short application form, which should take no more than five minutes, and, subject to them meeting the wide acceptance criteria, they will receive immediate life insurance cover from Reliance Mutual, one of the UK&#39s oldest Mutual Life insurance companies. Users can also take advantage of the free, no-obligation quotation […]