
The stamp duty break for houses under £250,000 is now ‘under review’ by government, following the June 2010 budget report.

The stamp duty break for houses under £250,000 is now ‘under review’ by government, following the June 2010 budget report.

Government plans to restrict mortgage lending, following the budget changes on 22nd June, could make first time buyer mortgages more difficult to obtain. Click headline to read more.

First time buyer mortgages were a smaller part of overall mortgage sales in April, says the Council of Mortgage Lenders (CML), indicating that first time buyer mortgage deals remain hard to obtain.
Seekers of first time buyer mortgages, deflated as average house prices reach £169,162, are waiting to see what the June 22nd Budget will bring.
Applicants for first time buyer mortgages should have to take a course of study and pass an exam before their application is considered, according to the chairman of a leading UK consumer help service.
A quarter of first time buyers have little idea of the cost of extras, on top of their first time buyer mortgage, when buying a home. Conveyancing alone can cost £1,000, and total extras could cost over £4,000.
















