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First time buyers pay stamp duty in 99 per cent of south, figures show

Mon, 10 Mar 2008

First time buyers in the south of England face paying stamp duty in almost every part of the region, new data shows.

According to figures released by Halifax, the average first time buyer in the south paid stamp duty in 99 per cent of local authorities in the area.

In the north, the average first time buyer paid stamp duty in 42 per cent of local authorities.

Martin Ellis, chief economist at Halifax, said: "Stamp duty has again become an issue for first time buyers because the stamp duty thresholds have not kept pace with house price inflation.

"First time buyers in the south are most likely to pay but so too are a growing percentage in the north."

He added that the government should raise the stamp duty threshold to account for the increase in house prices over the last ten years.

On Friday, the Association of Mortgage Intermediaries called for the government to present a "budget for mortgages ".
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