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The Council of Mortgage Lenders has announced the amount of mortgages applied for in first-time property purchasers accumulated towards the latter part of the previous year with 18,700 home loans in December, which indicated a seventy percent increase from November and fourteen percent which was an increase on December the previous year. prestige Lakeside Habitat Both the CML and RICS feel the influx is to avoid the deadline at the end of the one percent stamp duty break in March on homes under two hundred and fifty thousand with latest figures from HMRC telling that, €first time purchasers acquiring a home are ramping up the housing market in an attempt to beat the March twenty-four time limit for the end of the Stamp Duty break.'

Additionally, the NAEA has demonstrated a small ascent in the amount of house sales to first time purchasers, indicating that in January sales were up to two percent contrasting with December home transactions adding weight to the argument that the first six months to the year could be promising.
Michael Latest, The Royal Institution of Chartered Surveyors residential representative, said: "The fact that latest homeowners will not be excused liability from stamp duty looks to have spurred at least some of the population in that class to attempt to purchase a property prior to the time limit. As a result, surveyors are relatively positive for the year ahead."
Governing trade body NAEA president Wendy Evans-Scott confirmed: "latest homeowners look to be making the most of the Stamp Duty exemption before it ceases in March."
Although there is the very real danger that it could equate to a lull in transactions in the latest tax year culminating in more fluctuations in house prices as latest homeowners/yet again/require to find substantially greater funds to arrive on the housing ladder. Join this with the other fears in the economic market as a whole at the moment creates a recipe for a very uncertain 2012.
David Whittaker, of Mortgage Brokers Mortgages For Business, is quoted: "There is a very precarious danger that the Finish of the first time purchasers stamp duty exemption will mark the beginning of a latest decline at the lower region of the house market as a push to complete purchases before the due date is followed by an activity decline."
"We have been seeing signs a flow of first time purchasers on to the market, as the stamp duty break ends in March, and December's figures appear to indicate this has now started/" said Paul See/the council of mortgage lenders director general. prestige Lakeside Habitat Bangalore "With the euro zone problems still rumbling on/however/we indicate there is still a potential that 2012 mortgage approval levels will be declined than those reported in 2011."
Although the shadow Chancellor George Osborne decided that the tax reduction that was in force under the last government had not been as successful as many person had hoped and stated the termination of the break in March this year it remains to be seen if there are any change of heart in the 2012 budget.  For Sale by owner property website is open to property development firms and private purchasers to. Purchase a House or sell houses in Manchester. So if you are looking to Purchase a House or Sell a House look no further.