Summary
ON WEDNESDAY, the Chancellor delivered his inaugural Budget and the general consensus was that he did not do enough to help people buy their first home or save for the future. Now the dust has settled, The Scotsman analyses what Alistair Darling's Budget means in reality and what measures have been left out.
House buying: The threshold for stamp duty was maintained at GBP 125,000, rather than being increased to bring it more into line with house-price inflation, or even scrap it for first-time buyers. David Watson, head of independent mortgage broker Savills Private Finance's Edinburgh office, said: "The Chancellor ignored the opportunity to make life easier for first-time buyers, who are in danger of becoming extinct."See the full content of this document
Extract
Has Darling Missed an Opportunity?
Many are sceptical about Darling's consultation on the feasibility of more borrowers opting for long-term, fixed-rate mortgages of up to 25 years. "Most borrowers ... feel more comfortable tying themselves into a mortgage for two...
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