Interest free loans available to pay stamp duty
Published ¤ 02/10/2009
"Dragons Den" star James Caan is to offer interest-free loans of up to £50,000 to cover stamp duty and solicitors fees.
According to the Guardian, James Caan, from BBC's Dragons' Den, is launching a new fund to offer homebuyers interest free loans to cover the cost of their stamp duty and legal fees.
The scheme will be available to anyone buying a property advertised on on property website Look4aProperty.com. This site is part-owned by Caan, and loans will be available up to £50,000, from a fund of £1bn, provided by Hitachi Capital.
An agreement between Look4aProperty.com, the estate agents, and conveyancing company LMS, will mean a percentage of their commission, generated by the scheme, will go towards paying back the interest on the capital, allowing the purchaser to have an interest free loan.
To read the full story, please click on the image below, which will open the Guardian website in a new window.
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