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Leading figures from the housing industry give their views on Autumn Statement
December 4, 2015Article by Clare Moorhouse
The announcements to address the UK housing market introduced by Chancellor George Osborne in last week’s Autumn Statement – including billions of pounds to provide hundreds of thousands of new homes – have provoked a great deal of response from the industry.
Osborne introduced the Help to Buy London scheme, a regional distinction on the highly popular shared equity scheme. This will now produce homebuyers with an equity loan of up to 40% of the property value and he has relaxed the criteria for the Shared Ownership scheme. The Right To Buy scheme has now inclusive of housing association homes.
An increase of 3% tax on stamp duty (SDLT) has been announced for all property investment acquisitions from April 2016.
In this article, Ray Withers, along with other leading figures from the property industry share their views on the Autumn Statement.
Read more at new homes national property website WhatHouse?