Conveyancing Experts Welcome ‘Positive Impact’ Of Stamp Duty Changes New Research From Nationwide Reveals Many Buyers Pay Less Tax 04.08.2015 Specialist conveyancing lawyers have welcomed new research showing how reforms to stamp duty have had a “positive impact” on the market. According to new research from Nationwide, more than 230,000 people buying a property paid around £1,000 less tax as a result of changes to the stamp duty regime introduced at the end of last year. It is thought that a total of £275 million less was paid in total, with the biggest benefits being seen in London, the south-east and the south-west. Robert Gardner, chief economist at Nationwide, said “the impact on the pattern of transactions is already evident” even though the changes to stamp duty were only introduced in December. Nationwide’s research also found that house prices in the UK rose by 0.4 per cent in July to an average price of £195,621. Expert Opinion “The figures on the impact of stamp duty changes on homebuyers are incredibly positive, but not wholly surprising overall. “In recent years, there have been many indications that would-be first-time buyers have often struggled to save for a deposit, let along other related costs of buying a property – including stamp duty. “It will be interesting to see if the trends continue and whether this news does encourage a growing number of people to make moves on the property market.” Helen Hutchison, Senior Associate Key contact Helen Hutchison Senior Associate 0370 1500 100 Email Helen Tags Buying and Selling A Property Helen Hutchison Sheffield Related articles 20.09.2017Mental Health Trust Pays Damages To Family Of Vulnerable Man Who Died In High Rise Fire 20.09.2017Landmark Legal Ruling Will Allow Doctors to Withdraw Treatment To Those Suffering Debilitating Diseases if Families Agree 20.09.2017Inquest Finds Alzheimer Suffer Died Due To Ingesting Chlorine Tablets 19.09.2017Two Women Instruct Lawyers After Being Abused By Dr Philip Schuppler 19.09.2017Specialist Public Health Lawyers Instructed After Dry Ice Cocktail Drank at The Alchemist ‘Leaves Man With Severe Stomach Burns'