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New deals for buyers as stamp duty holiday ends

First-time buyers are being urged not to rush into hasty property transactions just to benefit from the stamp duty holiday which is due to end next month.

Those buying a home worth less than £250,000 are exempt from paying the normal 1% stamp duty until 24 March.

The tax band is being reintroduced because the Chancellor George Osborne believes the holiday has been ineffective in letting more people buy a home.

Instead the government is introducing new incentives to persuade lenders to offer loans to potential buyers

Susannah Streeter reports.

  • 11 Feb 2012