Stamp duty rush caused 2-year December high in first-time buyers

The number of loans to first-time buyers hit a two-year high in December 2009, driven by a rush to buy properties in the £125,000 – £175,000 bracket before the year-end stamp duty concession expired, according to figures released today by the Council of Mortgage Lenders.

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Article by the Council of Mortgage Lenders.
Data sourced from the CML/BankSearch Regulated Mortgage Survey.