BoE to turn off Funding for Lending tap for mortgages
The mortgage aspect of the Funding for Lending Scheme (FLS) is to be discontinued in light of improved market conditions.
The Funding for Lending Scheme was launched in the July 2012 in an attempt to drive down bank funding costs and increase mortgage and business lending. But with the mortgage market now improving the...
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Labour makes first-time buyer stamp duty pledge
Labour would make first-time buyers exempt from stamp duty for purchases under £300,000, Ed Miliband is due to announce.
Conservatives to promise £1bn housing fund and right-to-buy extension
The Conservative Party will promise a £1bn fund for building 400,000 new properties on brownfield sites as part of two big housing announcements in its manifesto unveiled later today.
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