Scottish first time buyers are more likely to escape the burden of stamp duty than those across the UK as a whole, according to the Council of Mortgage Lenders, reports the Scotsman .
The CML’s latest figures reveal 78% of first time buyers (FTBs) in Scotland are buying homes for under £125,000 – the current stamp duty threshold. This compares with only 44% of people purchasing a property under this level across the UK. In greater London only 3% of FTBs are below the stamp duty threshold, says the paper. THE CHIEF executive of the Financial Services Authority (FSA) yesterday warned MPs over-regulation of hedge funds could drive the industry out of London, reports the Times. John Tiner told the Commons Treasury Committee the current regulatory regime helped the Ci...
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