PBR: Darling extends homeowner support but not Stamp Duty break

clock •

Alistair Darling announces the Government will extend homeowner support for six months, but will not extend the stamp duty holiday.

The Chancellor said over 220,000 people have been helped so far by the Support for Mortgage Interest scheme, which provides better cover for mortgage interest payments for people who have lost their jobs. This will now be extended for a further six months. However, Darling has not extended the Stamp Duty holiday. Properties under £175,000 are currently exempt from the tax but the threshold is due to return to the original £125,000 limit next year. He expects the holiday will have helped 240,000 homebuyers.  

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read
MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

Treasury Committee report

Jack Roach
clock 23 September 2026 • 2 min read