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Stamp Duty change will only push down property prices

The mortgage rescue plan is too little too late. What about consumers who will be anxious to buy below the new Stamp Duty threshold? The change means more sellers will be forced to reduce their asking prices.

As for shared ownership and sale- and-rent-back schemes, these have been discredited by anyone with an ounce of common sense.

What security of tenure will someone have when rental agreements come up for renewal and landlords wants to sell properties for a quick profit? It’s madness. How did such a bunch of idiots end up in charge of our lives? The mind boggles.

Bill Wells

IFA
Protect & Save
By email

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Death throes of a dying government

With the rift between Prime Minister Gordon Brown and chancellor Alistair Darling reaching untenable proportions, we should all be concerned about how much more damage the death throes of this ailing government will inflict on the mortgage market.

Trade bodies seek members

RAMP and AMPD will battle for members after plans to form a unified alliance were scrapped.John Rice, managing director of the Regulatory Alliance of Mortgage Packagers, has shelved plans for a single association and will instead focus on growing RAMP’s membership from 10 to 15 packagers.Rice says: “Nobody is immune to the changes taking place […]

Salt pulls out of market

Salt is to withdraw from the residential mortgage market. Its deadline for direct business is 6pm on September 12, while packager applications with decisions in principle must be received by 6pm on September 19.

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