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Stamp duty extension as Sunak brings in 95 per cent mortgages

Stamp duty extension as Sunak brings in 95 per cent mortgages . Related stories THERE was a significant boost for the property market in the Budget with the extension of the stamp duty holiday to October and the government guarantee on 95 per cent mortgages. The moves are being seen as a mixed blessing for first time buyers in Northern Ireland, who has seen prices rising and were perhaps wanting the market to cool. Economist Richard Ramsey lauded the announcement as another adrenalin shot for the market that will keep upward pressure on prices into next year . The guarantee scheme will allow first-time buyers to obtain a mortgage with a 5 per cent deposit on a property worth up to £600,000.

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