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Individuals and their families buying a residential property are expected to be positively impacted by a reduction of SDLT as it will make it easier to buy a home. Overall, there is expected to be no negative impact on family formation, stability or breakdown as this proposal could make it easier for families to purchase a family home when they were previously unable to.

Buyers are facing hot competition right now. The number of people chasing after every available property for sale is at its highest ever, and is double the level seen in 2019, before the pandemic began. So if you’ve been looking to move, you’ve no doubt noticed how competitive it is.