29 October 2018

Chancellor must do more to help the housing market

3 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Personal Finance Specialist

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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

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.

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