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IFAs welcome change to stamp duty threshold

IFAs have expressed mixed feelings to the change in the lowest threshold for stamp duty although all welcome it as a step in the right direction.

Mortgage Force managing director Rob Clifford says it will make a very significant difference to first time buyers but it was the minimum change we could have expected in Brown’s budget today.

London & Country’s James Cotton says a rise to £150,000 would have been a more radical step in the right direction.

He says: “It is good something has been done and the pressure on the Chancellor has definitely paid off. I would describe it as a good compromise.”

Chancellor Gordon Brown said : “The change to stamp duty will help hundreds of savers.”

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