Nationwide has called the Government's decision not to reduce the stamp duty burden on first time buyers disappointing.
The building society calls the reform vital to helping more people buy a home affordably. Nationwide says: "We are disappointed to see that he has decided not to reform stamp duty to reduce its burden on first-time buyers." However, the society says it agrees with Chancellor Alisdair Darling's statement that fixed rate mortgages bring certainty to homeowners about the cost of their mortgage should base rate increase. For all our coverage of the PBR, please visit our 'industry' page To comment on this story contact: Jennifer Bollen Reporter Tel: 020 7034 2679 E-mail: Jennifer.bolle...
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
