Rate rise pain to continue, for now

Interest rates are set to rise further, but with stamp duty reforms likely there is light at the end of the tunnel, writes Cliff Taylor.

2nd June, 2007

Interest rates are set to rise further, but with stamp duty reforms likely there is light at the end of the tunnel, writes Cliff Taylor.

There is no doubt uncertainty over stamp duty has b e en a factor affecting the property market and causing first-time buyers in particular to hold off from purchasing.

However, lurking in the background has been an even more fundamental factor - higher interest rates are pushing up the cost...

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