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Chancellor Jeremy Hunt is tossing out tax cutting pledges in a desperate bid to revive the Conservative Party's fortunes but his latest suggestion doesn't go far enough.
Coventry Building Society is calling for stamp duty reform as residential property transactions slumped to a four year low in the first quarter of 2024, according to analysis of the latest HMRC figures. Since January there have been 192,500 property transactions, which is the first time the number has dipped below
The Government is coming under increasing pressure to reform stamp duty to help reinvigorate the market and help first-time buyers.
Stamp duty receipts for homebuyers tumbled 24% to £11.6bn in the year to March, reflecting the fall in home transactions over the last 12 months. UK property transactions fell by more than a fifth to 1.2 million homes in the year to March, while mortgage lending last year was down 23% to £130bn, according to UK
Coventry for intermediaries will lift its entire fixed-rate residential and landlord range for new borrowers tomorrow (27 February). The broker-only arm of the Coventry Building Society will pull products at 8pm on Tuesday, with new loans set to come to market from 8am the following day. Its changes cover: