More homes ‘is the real solution’

Building more homes is the real way to ensure that property is affordable and that first-time buyers can get on the ladder, it has been stated.

This view was expressed by housing pressure group, whose spokesperson Katy John argued that keeping the stamp duty holiday in place would be a “sticking plaster” rather than a real solution.

She said that the government’s priority should be to “keep to their target of building three million new homes by 2020”.

In addition to this, Ms John stated, there should be a tax on second homes and measures to ensure the banks undertake “sensible lending”.

Her comments came before chancellor Alistair Darling confirmed in his Pre-Budget Report today that the stamp duty holiday will end on December 31st.

The decision came despite calls from various quarters for the £175,000 threshold to remain in place.

Among those hoping for this was Labour MP Lindsay Hoyle, who tabled an early day motion in the House of Commons recently, arguing that the holiday should be extended for an indefinite period.

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