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Richard Morea Archive
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Budget 2010 – Stamp Duty
As expected, today’s budget didn’t cause too many waves as it’s likely to be quickly followed by a general election, but following a number of earlier rumours there was some good news for the housing market. From midnight tonight, first time buyers will not pay stamp duty on purchases up to £250,000, saving them up [...] -
Bank Complaints Surge
It seems that despite being saved by them, banks are continuing to fail their customers as the number of new complaints against the large banking groups increased significantly. The Financial Ombudsman Service (FOS) figures show Lloyds Banking Group as the most complained about, followed by Barclays and Royal Bank of Scotland. Lloyds received 20,190 complaints, [...] -
House Price Recovery Falters.
According to Nationwide’s House Price Index, UK house prices fell by 1% in February, bringing to a halt their 9 month run of increases. Nationwide’s chief economist, Martin Gahbauer, commented “There is evidence from a range of indicators that the market may have lost momentum in early 2010 as the stamp duty holiday ended and [...]
