Quote:
Originally Posted by joglynne
My son is buying his first house at the moment and will be £1500 better off as a result of this budget which is great but the stamp duty isn't really the stumbling block for most people in his position.
He is one of the lucky ones who has had a Bank of Mum and Dad to help him with the deposit which is, I am sure, what stops most first time buyers getting their first home rather than the stamp duty. I would have liked to see something done in this area as well.
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Couldn't agree more Jo, not everyone is quite so lucky to have parents who are in a position to help them out with a deposit. My 10% was saved up with bloody hard word and scraping by on a pittance. I'm not saying make it easy, but finding 5-10% is ALOT easier than having to find 20% and would get the market moving again.