Spicerhaart PX comments on HMRC property transactions

31 July 2025

Neil Knight, divisional director at Spicerhaart Part Exchange and Group Clients, said:

“Another monthly increase in property transactions is hugely positive and goes to show that there is clearly strong demand in the market. While many worried that the stamp duty change would be the death knell for transactions this year, this is clearly not the case, and we have seen growing momentum. Given the important the role the housing market plays in the economy, this will surely be good news for a government that has been growing increasingly concerned about economic growth. One would hope it would further support calls for a cut to the base rate in August.

“It’s been really encouraging to see the government finally come to the table and support the heavy lifting already being done by lenders and developers to assist buyers. The loosening of mortgage rules certainly gives lenders the platform to continue this good work and prioritise innovation to best support borrowers. Working in tandem, developers are putting forward compelling incentives to drive new build enquiries and facilitate transactions. On the ground, we are seeing increasing traffic coming through part exchange and assisted move propositions, which are helping borrowers already in the market overcome real obstacles to buy and sell in an efficient and cost-effective way.

“New build plays a significant role in the overall housing market and is critical in increasing homeownership and delivering the government’s housebuilding target. Alongside deposit boosts or equity schemes, ensuring developers and lenders are best equipped to support buyers in the current climate is absolutely key to achieving these goals.”