Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home3/schteev/public_html/ on line 5

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home3/schteev/public_html/ in /home3/schteev/public_html/ on line 21

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home3/schteev/public_html/ in /home3/schteev/public_html/ on line 21
UK Free Mortgage Advice
Free Mortgage Quote - Click Here todays Best Mortgage Deals - Click here Free Mortgage Advice Smarter Mortgage Advice

Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in /home3/schteev/public_html/ on line 566

Tory First Time Buyer stamp duty changes

The Conservative Government have pledged to remove stamp duty for first time buyers if they win the next General election They will also get rid of the controversial Home Information packs.

George Osborne, the Shadow Chancellor said that the party would exempt first time buyers from paying stamp duty on houses worth up to £250,000. This would not affect anyone buying a second home or re-mortgaging, but would help thousands of first time buyers to get onto the property ladder.

Home Information Packs would be scraped. Grant Shappes the Shadow Housing Minister said that they were ridiculed by the experts and the market doesn’t need them. The Government had ignored warnings about them. The Tories have campaigned against them from day one.

The Hips were introduced earlier this year after many delays.

Changes to stamp duty would be funded by an annual tax of £25,000 a year on rich foreigners living in the UK who do not pay tax on their overseas income.

Also included in the election manifesto were tax breaks for families raising children and the raising of the inheritance tax threshold from £3000,000 to one million pounds.

Because of the increase of house prices many families are now paying inheritance tax. This was a tax originally intended only for the very wealthy.

It remains to be seen whether or not the proposals are realistic and economical.





NOTE: Do not make any financial decisions based on the information on this page. Always take professional mortgage advice first




Mortgagefox offers a free mortgage advice


If you have any questions do not hesitate to contact our independent mortgage advisors at Mortgagefox.


There is no obligation with any of these services, and both are offered completely free. If you have specific mortgage question you want to ask then we will be glad to help.



Value of Property  
(eg 135000) 
Value of Mortgage
(eg 85000) 
Type of Mortgage