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NAEA calls on Chancellor to regulate estate agents and exempt first-time buyers from Stamp Duty

Reposit NS

NAEA Propertymark is calling on the Chancellor to exempt both first-time buyers and downsizers from Stamp Duty, and to scrap the 3% surcharge on the purchase of second homes.

In views submitted to Philip Hammond ahead of his Budget next month, the NAEA also says it wants to see a ‘Help to Buy’ type of scheme introduced for those buying secondhand property.

The NAEA has also reiterated its call for the regulation of estate agents.

In addition it wants to see improved guidance around the Consumer Protection Regulations.

Finally, it is calling for stringent codes of practice to ensure that “event fees” are brought to the attention of prospective buyers of properties such as leaseholds and retirement flats.

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Hamilton Fraser NSLANDMARK/SMARTVAL NSViewber 1 NSON THE MARKETRentmyhome NSPaypropHUNTERS NS - to June 2017NES NSKapturNALS NSNFOPP SkyscraperTM trainingjobs board nsArena Push news story pages

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Source:: NAEA calls on Chancellor to regulate estate agents and exempt first-time buyers from Stamp Duty