Stamp duty holiday sees thousands opt for marathon mortgages
The stamp duty holiday fuelled a surge in 35+ year mortgage sales, leaving many vulnerable to higher costs over the long term, according to new freedom of information data from the FCA gathered by Quilter.
The government’s stamp duty holiday was first introduced in July 2020 and was withdrawn in two stages – June and September 2021. The new data reveals that at both withdrawal stages, the number of 35+ year mortgages sold increased considerably. To continue reading, please click here.
Source: Property Reporter
