Stamp Duty reforms top conveyancers’ Budget asks
Summary
The article reports that conveyancers are calling for Stamp Duty reform or reduction ahead of the Autumn Budget, amid record-low confidence in the property market. A Council for Licensed Conveyancers survey found sentiment among professionals and consumers remains weak, while transaction times are still averaging three to four months.
Why it matters
Stamp Duty changes and wider fiscal measures could affect transaction volumes, buyer demand and the pace of conveyancing work. Surveyors involved in residential sales, valuations and market advice should note the continued weakness in sentiment and the potential for policy-driven shifts in activity.
Key points
- CLC sentiment tracker shows professional confidence in market stability at 26%, its lowest level so far.
- Buyer and seller confidence remains very low, at around 12% to 15%.
- Stamp Duty reform or reduction is the top Budget ask among conveyancers.
- Mortgage affordability, tax certainty and first-time buyer support are also key priorities.
- Average completion times remain at three to four months, with little sign of improvement.
Organisations:
Council for Licensed Conveyancers, The Negotiator
Regulations:
Stamp Duty, Autumn Budget
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