Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Stamp Duty Removal Could Free Up 300,000 Homes, Report Finds
A report highlighted by Mortgage Solutions finds that scrapping stamp duty costs could free up over 300,000 homes in England. The Financial Conduct Authority (FCA) has also opened 11 investigations into firms for potential Consumer Duty breaches over the past three years.
The story about the potential impact of removing stamp duty was the most read mortgage broker news item this week, according to Mortgage Solutions. The report suggests that eliminating stamp duty could have a significant effect on housing availability in England.
Letting agents and inventory clerks may wish to note the ongoing regulatory focus, as the FCA has revealed it is investigating 11 firms for possible breaches of Consumer Duty. This development underscores the importance of compliance and transparency in the property and lettings sector.
Other topics attracting attention this week included unseen photos from the 2026 British Mortgage Awards, updates on mortgage repayments, and changes to mortgage rates by major lenders such as Nationwide and Virgin Money.
Source: Mortgage Solutions