Chancellor Hammond made a new headline policy that provides a stamp exemption to first time home buyers. The policy was made with the hope of helping the British housing crisis that is effecting the UK. This initiative has drawn a wide array of criticism. Mortgage lenders and housing analyst have stated that Hammond’s new policy does little to address the core issue of the housing market crisis. This new policy does little to relieve the struggle that faces first time home buyer as housing market prices in the UK reach an all time high.
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