Labour makes first-time buyer stamp duty pledge

[TykeMerc]

I don't know if the Beeb has got it wrong or Labour has but:



£5000 is only if it's a £300K house. On a £200K house, it's £1500, and on a £150K house it's only £500. Surely the "average" first time buyer, outside of London at least, is more looking at the the £150K-£200K range?

True that. On the got it wrong front I'd vote both of them got it very wrong due to their own agendas.

[unixman]

Is this in the Labour manifesto ? Every "policy" announcement from all parties lately seems like something they just thought up in Starbucks that morning.

[DodgyAgent]

Interesting article:

Labour makes first-time buyer stamp duty pledge - Professional Adviser IFAonline

Will Dim Prawn now buy up the rest of Swindon?

[Eirikur]

Is this in the Labour manifesto ? Every "policy" announcement from all parties lately seems like something they just thought up in Starbucks that morning.

It was actually thought up in KFC

[DodgyAgent]

It was actually thought up in KFC

Is that why it is called bargain bucket politics?

[jamesbrown]

True that. On the got it wrong front I'd vote both of them got it very wrong due to their own agendas.

There's some confusion about this as far as I can see. The announcement seems to imply that it's a slab-system that reverts to the ordinary rates at 300k, whereas the BBC and other analysis seems to imply that it may be the first 300k (i.e. effectively a shift in the 125k threshold to 300k). There's a big difference, at least for those looking to buy in London.

[Mark McBurney@CMME]

About bloody time! Thanks for the correction, I either missed or forgot that.

There was SDLT payable above £125k even before the change in December, it was just a blanket %age (1% up to £250k).

[PurpleGorilla]

Is this in the Labour manifesto ? Every "policy" announcement from all parties lately seems like something they just thought up in Starbucks that morning.

Lol that is so true. But it's been like that for a while.

[PurpleGorilla]

Government Orders Everyone To Move House | The Daily Mash

7 years on and nothing has changed, UK economy IS just a long running house price bubble....

Ssssh I'll tell you a secret. It's going to pop very soon ;/)

[SueEllen]

All the parties know they may form part of a coalition. So know that some of their wilder (or more stupid) policies aren't likely to be made legislation.