Mortgage, property groups join stamp duty campaign

16 November 2009

Written by Gavin Elley

More mortgage and property organisations have offered their support to the 1808 Coalition, which aims to encourage the government to change the current stamp duty situation in the UK.

The Association of Mortgage Intermediaries (AMI) and the Council of Mortgage Lenders are among the groups to add their names to the list of industry representatives that want the property tax landscape modernised.

Members of the campaign group now include the National Association of Estate Agents (NAEA), the Association of Residential Letting Agents, the National Landlords Association, the Building Societies Association and the Home Builders Federation.

They want the government to keep the current stamp duty threshold at £175,000, rather than changing it back to its pre-recession level of £125,000.

Peter Bolton-King, chief executive of the NAEA, said: "The coalition believes that stamp duty is an anachronistic tax which, in its current form, is preventing a recovery in the housing sector."

Robert Sinclair, director of the AMI, said it is rare for the industry to unite "with such consensus on an issue".

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