House sales forecast to 'jump' ahead of stamp duty rise

Quick Summary:

Nationwide predicts a fifth of first time buyers will pay the tax going forward, affecting activity.

However, she added that any drop in mortgage rates next year would have a much bigger impact.

At the moment, buyers of homes worth less than £250,000 don't pay stamp duty.

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Article Details

Category: Business

Markets: United KingdomIreland

Topics: England Duty Impact Year Budget Stamp Rise Rates Changes Buyers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 10:55:33 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23363518

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 6 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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