More favourable mortgage quotes could be on the way - 11/02/2005 ...

We provide you with education, property finance and exclusive access to the best affordable property at great prices ! Membership of The First Time Buyers Club is FREE and it lets you in on new-build affordable developments at 'wholesale prices' sourced directly from our national network of property developers. We operate a strict queuing system so that the earlier you join the club the better placed you are when a property comes out in the postcode area that you want to live in.

[ Back to Article Index | Home Page ]

Building society chiefs are set to present a petition against stamp duty to the Chancellor Gordon Brown in the run up to the general election campaign, if successful the move could lead to better mortgage quotes for consumers.

Led by Andrew Messenger, chief executive of the West Bromwich Building Society, they will attempt to persuade the Chancellor to raise the first tax threshold on stamp duty from £60,000 to £150,000 in line with current inflation.

They are concerned about the burden stamp duty places on first time buyers and people on low incomes who are attempting to get a foot on the property ladder.

Over twenty thousand people have signed the petition as part of the West Bromwich Building Society's Raise the Roof campaign, which was launched in May 2004.

The campaign has also found support among MPs, led by Newport West Labour MP Paul Flynn who tabled an Early Day Motion in support in the House of Commons.

Mr Messenger said: "The campaign has been, and continues to be an outstanding success. Although signatures continue to pour in, we feel, in light of a possible general election, this is the time to draw the Chancellor's attention to the unfair burden that stamp duty imposes on first-time buyers and people on low incomes.

"With the election pending, we want to ensure the Government listens to the groundswell of opinion, which the campaign represents."

The petition will be presented to Mr Brown at midday on Thursday March 3.

The Cambridge, Furness, Ipswich and Monmouthshire Building Societies have also supported the campaign.

>> Select from one of the articles below >> :

• Location counts as property investment proves resilient - 15/04/2005 @ 15:54:56
  The importance of location has once again been underlined by a house going on sale in Chelsea, with even comparatively cheap housing capable of being turned into expensive showpieces. ... MORE
  
  
• New calls for "joined up" housing policy - 18/02/2005 @ 11:48:44
  The Office of the Deputy Prime Minister (ODPM) has reported that the UK housing market must "adapt" and be "flexible" in the coming years. ... MORE
  
  
• New houses up 13 per cent - 18/02/2005 @ 08:45:56
  House building figures for the three months to December were up 13 per cent. ... MORE
  
  
• Homebuyers favour conversions - 16/02/2005 @ 13:14:53
  New research has revealed that homebuyers prefer to purchase building conversions. ... MORE
  
  
• Sellers look to first-timers - 14/02/2005 @ 15:20:00
  Despite research which has found that first-time buyers often drop their price offer at the last minute, sellers are still keen to offload their properties to them. ... MORE
  
  
• North east's house price inflation is 20% - 14/02/2005 @ 12:02:57
  The north east has the highest level of house price inflation in the UK, recording a rate of 20.5 per cent. ... MORE
  
  
• Blair to woo first time buyers with new rates - 11/02/2005 @ 16:46:09
  Low inflation and low mortgage rates are some of the key policies that the prime minister Tony Blair will attempt to woo voters with at the forthcoming general election. ... MORE
  
  
• More favourable mortgage quotes could be on the way - 11/02/2005 @ 16:36:18
  Building society chiefs are set to present a petition against stamp duty to the Chancellor Gordon Brown in the run up to the general election campaign, if successful the move could lead to better mortgage quotes for consumers. ... MORE
  
  
• House prices delay starting a family - 10/02/2005 @ 10:22:02
  People in the UK are delaying starting a family because they are unable to get on the property ladder, new research has shown. ... MORE
  
  
• Britons wary of house price rises - 09/02/2005 @ 12:28:33
  A new survey has found that people in the UK are increasingly concerned about housing for future generations. ... MORE
  
  

More articles:
  [Page 1]    [Page 2]    [Page 3]    [Page 4]    [Page 5]    [Page 6]    [Page 7]    [Page 8]  

[ Back to Article Index | Home Page ]