Things must indeed be bad......

[Becaroooo]

....just had a phone call from local EA telling me about their new scheme to get some sales boost the stagnant housing market....they are now offering loans to pay stamp duty and fees!!!!!

Anyone else heard of this???

Not sure how it helps in the long run.....

Things must be bad

(I am in Derbyshire btw)

Never heard of it happening before, and I have been in the finance world (mainly mortgages) for 11 years.

I wonder how they get round that for mortgage purposes.

No idea gonzo

It struck me as odd, glad someone else does too!!

I suppose you just have to declare it as a loan when they work out what you can borrow?

Is it secured or unsecured lending?