Simple scheme to help alleviate traffic congestion due to commuters:
I work clear the other side of the city and spend up to 3 hours a day doing the 14 mile ( yes ONLY ) 14 mile round trip, alone in the car.
I have equity in my home and can afford the increased mortgage that’s required to move across closer to my job. I have worked here nearly 4 years.
The savings in fuel wear and tear on the car can be quantified and the reduced time on the road not so easily but of a much larger value and all the associated health and social benefits that come with this too.
The only thing stopping me is the fact that I will have to pay maybe circa 40,000 stamp duty to buy a property in the 500k range@ 7.5%. This, I have no intention of doing. It is too punitative to even contemplate!!!
The powers that be, could very easily waive stamp duty in certain, strict, circumstances, where commuters are moving closer to their existing, longterm, permanent places of work.
Provided this move is not for any reason other than reducing travel time for the individual and family and removing cars from commuter routes. This property could be subject to rental and sales restrictions as exisiting social schemes to ensure peole cannot cash in on the scheme.
It does not diferentiate between class any body at any level can take advanatge of this.
Any opinions.
MB
I work clear the other side of the city and spend up to 3 hours a day doing the 14 mile ( yes ONLY ) 14 mile round trip, alone in the car.
I have equity in my home and can afford the increased mortgage that’s required to move across closer to my job. I have worked here nearly 4 years.
The savings in fuel wear and tear on the car can be quantified and the reduced time on the road not so easily but of a much larger value and all the associated health and social benefits that come with this too.
The only thing stopping me is the fact that I will have to pay maybe circa 40,000 stamp duty to buy a property in the 500k range@ 7.5%. This, I have no intention of doing. It is too punitative to even contemplate!!!
The powers that be, could very easily waive stamp duty in certain, strict, circumstances, where commuters are moving closer to their existing, longterm, permanent places of work.
Provided this move is not for any reason other than reducing travel time for the individual and family and removing cars from commuter routes. This property could be subject to rental and sales restrictions as exisiting social schemes to ensure peole cannot cash in on the scheme.
It does not diferentiate between class any body at any level can take advanatge of this.
Any opinions.
MB