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.
The article reports government plans to reduce red tape in the property transaction chain, with an estimated annual saving of £116 million for businesses. The reforms are intended to streamline homebuying and selling through earlier property information and changes to the transaction process, with further detail expected at the Budget.
Landmark Information Group’s research suggests that most recent home buyers and sellers wish they had more information about a property and its location before agreeing a deal. The report says information gaps, delays and poor communication continue to slow transactions, while the sector prepares for government home buying and selling reforms.
The article discusses LMS and its senior figure Matt Hahn as a key driver behind efforts to modernise home buying and selling in England and Wales. It highlights the National Property Transaction Network (NPTN), which aims to bring brokers, lenders, agents and conveyancers onto a shared digital platform and support forthcoming government reforms.
