Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, October 12
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Call for stamp duty ‘easy payment terms’ to accelerate property market
    Property

    Call for stamp duty ‘easy payment terms’ to accelerate property market

    July 9, 20252 Mins Read


    Andrews Property Group has launched a petition calling for flexible Stamp Duty Land Tax (SDLT) payment options, allowing buyers to spread costs over two to five years rather than the current 14-day deadline after completion.

    Chief executive David Powell says: “We believe this flexible payment approach offers a sustainable, long-term solution that benefits buyers, maintains Government revenue, and creates a more stable operating environment for our industry.”

    The petition addresses three critical issues affecting the housing market: the need for sustainable solutions over temporary measures, buyer affordability challenges, and barriers to housing market mobility.

    Andrews claims the housing market has repeatedly suffered from boom-bust cycles created by temporary stamp duty changes. Short-term solutions, such as temporary rate cuts, create pressure for all parties in the moving process, while flexible payment plans would provide permanent market stability.

    Recent data illustrates the market disruption caused by temporary schemes. Transaction volumes plummeted 64% in April 2025 following the stamp duty cliff edge¹, while Barclays reported a 59% surge in first-time buyer purchases rushing to beat the March deadline².

    The requirement to pay SDLT within 14 days of completion creates affordability barriers for first-time buyers and homeowners, according to the agency. Buyers may have to save extra funds, on top of deposits, or increase mortgage borrowing, which could reduce purchasing power.

    With England’s average house price at £286,000, typical home movers face stamp duty bills of £4,300, while first-time buyers purchasing at this level pay no stamp duty (as it’s under the £300,000 threshold). However, in London where average properties cost £567,000, home movers face stamp duty bills of £18,350, while first-time buyers pay £9,050 on an average property selling for £481,000⁵. Combined with substantial deposit requirements, legal fees and moving costs, buyers must find significant additional cash to pay the SDLT bill within 14 days of completion.

    Investors, of course, have to pay an additional home SDLT surcharge, too.

    Andrews believes flexible payments could help improve housing market mobility. The proposed scheme would work similarly to existing HMRC payment plans, maintaining the same tax revenue for government while providing manageable monthly payments.

    The petition requires 100,000 signatures to trigger a Parliamentary debate, offering the sector an opportunity to influence long-term policy rather than endure repeated temporary measures.

    The company is calling on property professionals and industry bodies to support the petition and engage with the campaign for lasting reform.

    You can see the petition here: https://petition.parliament.uk/petitions/729071



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFour Corners Property Trust acquiert un bien immobilier au Michigan pour 2,5 millions de dollars
    Next Article atteint un record proche de 112.000€

    Related Posts

    Property

    Property expert calls for stamp duty reform alongside housing schemes

    October 11, 2026
    Property

    New national network to accelerate UK flood resilience

    October 11, 2026
    Property

    Higher mortgage rates inflict ‘pain’ on UK housing market

    October 7, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin Red Team Says AI Is Finding Critical Exploits Across Core Projects

    August 8, 2026
    Bitcoin

    Que sont les ultra-riches de l’Amérique avec Bitcoin: un exécutif gérant 200 milliards de dollars s’exprime, se sont révélés

    May 24, 2025
    Property

    UK estate agency activity shows modest growth in March

    May 18, 2026
    What's Hot

    Understanding Intellectual Property: Types, Examples, and Importance

    October 5, 2018

    Hong Kong economy pressed on with growth in second quarter, finance chief Paul Chan says

    July 28, 2024

    Gold prices in July snap four-month losing streak, helped by weaker dollar By Investing.com

    July 31, 2026
    Most Popular

    Waiting a Year After IPOs Can Reveal the Real Risk-Reward Picture

    June 12, 2026

    Le retour de Trump au pouvoir : quatre façons dont il impactera les marchés

    January 20, 2025

    El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

    October 5, 2025
    Editor's Picks

    Bitcoin Stalls on Rate Cut as Hopes Fade—Will This Week Be Different?

    September 21, 2025

    US Stock Market Update: Dow plunges over 650 pts, S&P retreats from record high; Walmart slumps 6%

    February 20, 2025

    Bitcoin theft tied to luxury cars and bar bills

    October 17, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.