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Thu 09 Sep 2008Bankers push for stamp duty changes
MORTGAGES:SENIOR BANKERS have made informal representations to Government that a change in stamp duty rules may help reinvigorate the property market, despite most bank chiefs stating publicly that the market must correct itself without any State intervention.
AIB, the biggest bank in the State, and Irish Life and Permanent, the largest mortgage lender, have said that no Government intervention would be required to bolster the €145 billion mortgage market, despite the value of new mortgages plummeting this year.
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