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 th...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
