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02/04/10- One of Britain’s leading providers of financial help for homeowners says Alistair Darling’s decision to scrap Stamp Duty on house purchases up to £250,000 for first-time buyers, is good news for young people trying to get on the property ladder.

“The Chancellor’s announcement fits in with Look4AProperty Money’s efforts to put liquidity back into the market,” says Aaron Turner, the company’s CEO.

“The abolition of Stamp Duty on purchases up to £250k for First Time Buyers, coupled with our three-year interest-free loans for every other buyer will be a powerful incentive for first-time buyers to make their decision to go ahead and buy.”

Look4AProperty Money – which is chaired by Dragons’ Den entrepreneur, James Caan – allows every home buyer in the Uk to apply for a three-year interest-free loan, (subject to status). All buyers need to do is to ask their local estate agent to arrange it for them as part of the offer they make on the property they wish to buy.

Meanwhile rumours are abound that Bannatyne, 61, and fellow Dragon Caan, 49, are at war over an article he wrote claiming Caan was a "non dom" who avoids Uk tax. Fiery Scot Bannatyne, said to be worth around £350million, added: "I haven't fallen out with him he has fallen out with me. He didn't like what I wrote."

And he yesterday stoked the war of words by questioning why Caan is chairman of the homeless charity and magazine The Big Issue

 

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