Managing Director of Mortgages and Commercial Lending at Aldermore Bank, Charles Haresnape, sees the reforms on Stamp Duty as a positive move for buyers.

Commenting on the reforms, which were announced in Chancellor of the Exchequer George Osborne’s Autumn Statement last week, said the changes are bound to have an impact on house prices.

“This is a very positive move, particularly for buyers, which I welcome and it is likely to keep the demand for housing on an upward trajectory, despite the slight dampening in the market recently,” he said.

“That said, these reforms must be linked to sufficient supply side policies, in addition to proposed new towns to ensure that demand doesn’t outstrip supply.”

“The stamp duty changes are bound to have an impact upon house prices, with sellers at the both ends of the market likely to attract buyers by undercutting the new tax bands of £250,000 and £925,000."