The Conservatives announced in their 2010 Election manifesto on 13th April 2010 that they indeed plan on abolishing the Home Information Pack if they get into power. They would also make the lower limit on Stamp Duty £250,000.To quote the manifesto;
“Help first-time buyers get on the housing ladder, by increasing the stamp duty threshold to £250,000, so that nine out of ten first-time buyers will pay no stamp duty. This is a permanent tax cut, unlike Labour’s plans which are just for two years; and Abolish Labour’s expensive and unnecessary Home Information Packs which increase the cost and hassle of selling homes."
At these early stages the polls are key. The sooner they show a clear winner, the stronger sentiment will be and prices and mortgage offers will stay firm. Uncertainty will operate in the opposite direction with people sitting on the fence unwilling to make a decision.
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