Party Manifestos: Lib Dems Propose 3 Year Tenancies & Stamp Duty Changes
The manifestos have been launched and each party is proposing quite different plans for the property sector should they come into power.
Among other factors, Labour plans to focus on building more social housing and the Conservatives are pledging to make home buying easier for first time buyers with a 5% deposit mortgage and a 30% discount on homes in their area.
Meanwhile, the Lib Dems have proposed to link stamp duty to the energy rating of a home with higher rates for lower performance. They also propose the introduction of longer – 3 year tenancies – with inflation linked rent increases included.
To read more about the Lib Dem’s plans, visit here.