Have your say on government e-petitions

Increase stamp duty on all second home and buy-to-let purchases

Submitted by Mohammed Mansha on Wednesday 15th June 2022

Published on Tuesday 21st June 2022

Current status: Closed

Closed: Wednesday 4th January 2023

Signatures: 46

Relevant Departments

Tagged with

Bank of England ~ Banks ~ England ~ Government ~ House prices ~ INCREASE ~ Individuals ~ inflation ~ inflation rate ~ Mortgage ~ mortgages ~ Price ~ property ~ Ratings ~ Ratio ~ Stamp duty ~ Target ~ The Bank of England ~ The Government ~ Time ~ Wellbeing

Petition Action

Increase stamp duty on all second home and buy-to-let purchases

Petition Details

Currently the average house price to earnings ratio is at a record high. It’s becoming nearly impossible for first time buyers to own a house to live. An increase of stamp duty to 20% for all second property purchases could reduce demand for buy-to-let mortgages and second home purchases.

Additional Information

This reduction in demand may bring house prices back within the reach of first time buyers.

Having your own place and no fear of eviction, is necessary for the wellbeing of all individuals.

In the same way the Bank of England targets an annual inflation rate below 2%, the government should target an average house price to earnings ratio below 5.


You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus

repetition.me is a Good Stuff website

54.160.245.243 Fri, 29 Mar 2024 13:57:26 +0000