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‘The threat of negative equity will discourage people from moving’ – Star Letter Extra 08/09/2017

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  • 08/09/2017
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‘The threat of negative equity will discourage people from moving’ – Star Letter Extra 08/09/2017
This week Mortgage Solutions and its sister title Specialist Lending Solutions has picked the best of the rest of the reader comments from our broker audience in Star Letter Extra.

This week’s Star Letter Extra comment goes to John Fisher for his response on the post: Accountants argue sellers paying Stamp Duty would boost housing market.

He said: “One of the biggest reasons (excuses?) for people not downsizing is the Stamp Duty they will have to pay.

“This will only worsen the situation. And when the housing market slumps again, as it inevitably will, this will discourage people to move even further due to the possibilities of negative equity increasing.”

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