Lloyds TSB has announced details of its £12.2bn takeover of HBOS after Britain’s biggest mortgage lender lost half its market value in the past week and the government backed a deal. The deal values shares in Halifax Bank of Scotland at 232p each, and could lead to cost savings of £1bn a year.
Category Archives: Conveyancing
Chancellor Announces 12-Month Stamp Duty Holiday
2 September 2008 – 10:01 am
A stamp duty holiday was today unveiled by Chancellor Alistair Darling to help struggling home buyers through the credit crunch. For a period of 12 months, properties worth up to £175,000 will be exempt from stamp duty land tax. This is a temporary raise of the current threshold from £125,000 to £175,000.