Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Wednesday, October 11, 2006

Over half of first-time buyers pay stamp duty

More than half of first-time buyers paid stamp duty on their new properties as house prices continue to rise, the Council of Mortgage Lenders said today.

The proportion of people buying their first home who paid the tax has risen to 56%, up from 48% a year ago, while this year only 15% of home movers did not pay stamp duty.

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