'We want to downsize and free up our five-bedroom home for a family, but it's too expensive'

'We want to downsize and free up our five-bedroom home for a family, but it's too expensive'

The Mirror - UK News·2024-03-06 17:02

Most first time buyers don’t pay stamp duty but making changes to the tax could help people further up the chain

Pensioners are rattling around in five-bedroom houses while large families are forced to squeeze into tiny properties.

We hear a lot about first-time buyers but what about those further up the chain who are stuck in unsuitable properties because they can’t afford to move. One of the main reasons why people stay where they are is the expense that comes with moving, and it's stamp duty that Brits begrudge paying.

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