STLD payments from nearly all FTB's - A&L

The lender expects 90% of first time buyers FTBs to be paying STLD within the next three years. Surveys of FTBs suggest a quarter find the tax “an obstacle” to getting on the property ladder, the lender adds. The current threshold of £66,000 has been in place since 1993, when the average FTB property was about £44,000, according to A&L figures. The average FTB price is £145,000, with some 75% of such buyers paying the tax. Other figures suggest FTB activity has recently dropped to a two-decade low, following a year of interest rate increases and still-rising average house prices. ...