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Derek

With respect you appear to fail to understand the object of the exercise which is to reduce the barriers to property ownership.

In the example given, i.e. purchase @£260k, the change reduces the cash required from c. £17k (5% deposit, stamp and legal fees) to £14k a reduction of almost 20% which is significant in both terms of absolute cost and relativity.

@£150k the reduction is closer to 10% but I am sure for most FTB a saving of £500 in cash terms is in their or any reasonable commentator's assessment "significant".

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