Badenoch says the Conservative party will scrap stamp duty - broker reaction from Access FS

08 October 2025

Nick Jones, the mortgage sales and marketing director at Access FS, said:

“Stamp duty is a regressive tax and anyone who is looking to purchase a home or who already owns one and is thinking of moving will be extremely happy with this proposed policy change – along with many economists.

“Stamp duty adds expense to the already costly bill when buying a property. Not only does it penalise people who have saved enough to buy their first home or when they need to upsize, it encourages older homeowners to stay put in larger homes, even when their children have long flown the nest.

“It even hits tenants – how else do landlords recoup the money they spend on the surcharge but through higher rents?

“It kicks in when people are trying to relocate for work, too, so it is also a tax on mobility which, therefore, limits Britain's economic efficiency.

“I won’t be sorry to see the back of it. The question of what might replace stamp duty is more thorny – but it doesn’t seem crazy to refresh the outdated 1991 valuations currently used as the basis for our council tax calculations.”