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2 year high for first time buyer loans caused by end of stamp duty concession say CML

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Loans to first time buyers increased drastically last month as the window for taking advantage of the concession on tax duty for properties in the £125,000 to £175,000 bracket came to an end.

There were 24,900 loans to first-time buyers in Dec 2009 – the highest level since November 2008 and 26% up on the preceding month.

Source: Council of Mortgage Lenders

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One Response to “2 year high for first time buyer loans caused by end of stamp duty concession say CML”

  1. bmv property says:

    It's a shame the government are not continuing this initiative. It is still a tough economy out there and house prices continue to rise. For first time buyers with nothing to sell it can be hard to raise the capital. I am not surprised that those considering purchasing a home have tried to take advantage of this offer.

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