CEO of Audley Group Nick Sanderson leads the call for a cut in Stamp Duty to free up a bottleneck of potential downsizers and stimulate the market.

Rishi Sunak and Jeremy Hunt are said to be considering the move to bolster the chances of first-time buyers getting on the housing ladder.

Report, sponsored by Lords Mandelson and Heseltine, says older downsizers should be exempt from Stamp Duty – but second homeowners should be financially penalised.

Data from Cornerstone Tax reveals that one-in-five landlords are considering selling up due to rising costs associated with their property.

Chancellor Jeremy Hunt delivers the Autumn statement next week and agents are on tenterhooks as to what he has in store for the PRS.