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More young homeowners are likely to be burdened with longer term debt and financial worries than previous generations

Younger homeowners are resorting to desperate measures to realise the dream of buying their home. Seven in ten homeowners aged 25-34 have relied on finance options that include: longer term mortgages of over 25 years, the bank of Mum and Dad, low interest mortgages, small deposits, interest-only mortgages and government schemes such as Help to Buy.

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Cut stamp duty for homebuyers by increasing it for property speculators

The government should cut stamp duty for homeowners by increasing it for property speculators, buy-to-let landlords and second home buyers, according to a HomeOwners Alliance proposal put to the Chancellor ahead of the Autumn statement. This would in effect create a new “property speculation tax.”

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