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.