Stamp duty freeze on CML's pre-budget wish list

Professional Adviser
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The Council of Mortgage Lenders (CML) has asked Chancellor Gordon Brown to consider a freeze on...

The Council of Mortgage Lenders (CML) has asked Chancellor Gordon Brown to consider a freeze on stamp duty in his Budget next Spring. The request was one of eight key policy initiatives the CML submitted to Gordon Brown regarding the housing market. The CML argued that a sharp increase in stamp duty would damage consumer confidence at a time when it needs to be kept high. Instead the CML suggests the stamp duty threshold should rise in line with house price inflation. Within the submission, the CML also calls for an early review of the timetable and rules for mortgage regulation...

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