Sarginsons, Hughes & Masser

On 2nd September 2008 the Department for Community and Local Government announced measures to increase confidence in the housing market.  Briefly these are :-

• A new shared equity scheme for first time buyers.

• A mortgage rescue scheme for those facing repossession.

• Accelerating the provision of 400 million pounds to provide 5,500 new social homes.

On the same day the Treasury announced a relaxation of Stamp Duty Land Tax on properties selling for up to £175,000.