Stamp Duty - any chance of a change at the next budget?

[garycat]

The £250K jump from 1% to 3% stamp duty really p1sses me off (as I'm paying £270K for a house) This creates an artificial step in house prices where you have to pay £5000 more to the government if your house is £250K rather than £249,999. £5000 is the price of a new kitchen or a conservatory.

Is there any chance this may be changed in the next budget to be 3% on the value above £250K .. any insider knowledge?

[garycat]

Yeah but GB also needs to get the house market moving. If you are buying near the £250K threashold that means you have to borrow another £5000 on your mortgage as most of your cash is likely to be used as deposit.

So, you actually and up paying about £10000 eventually.