Commenting on today’s announcement that stamp duty relief is to be extended to first time buyers of shared ownership properties worth up to £500,000, Helen Morrissey, spokesperson at Royal London said:
"While the extension of this stamp duty relief will help first time buyers to get a step on the housing ladder we would argue that more can be done to make the housing market more liquid. While first time buyers can buy a home what of those further up the ladder who cannot afford to either move to a larger home to accommodate their growing families or those looking to downsize. We would urge the government to look at reliefs for those further up the housing ladder if we really want to free up the housing market."
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For further information please contact:
Helen Morrissey, Corporate PR Specialist – Long Term Savings
- Email: email@example.com
- Telephone: 07919 170 712
About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June.
At Royal London, we’re proud to champion the value of impartial advice. We believe it plays a crucial role in connecting people with the products that are right for them – and is key to delivering better outcomes and experiences for our customers. At the same time, it helps to build trust in our products and services.
Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/