Chairman of Redrow Homes , David Morgan , said the UK government should be doing more to incentivise house moves and should simplify the planning process if it is to meet its target of building one million homes by 2020 . Morgan noted that transaction costs , largely driven by stamp duty , could slow the housing market , as they are " so high that it ’s a detriment for people to move " . The company also hit a record level for its order book, which was worth £1.05bn at the end of December, 5pc ahead of the previous year. Research by RICS found that changes to planning policy aimed at reducing stamp duty for the majority of first - time buyers had little impact on property sales .
Chairman of Redrow Homes , David Morgan , said the UK government should be doing more to incentivise house moves and should simplify the planning process if it is to meet its target of building one million homes by 2020 . Morgan noted that transaction costs , largely driven by stamp duty , could slow the housing market , as they are " so high that it ’s a detriment for people to move " . Research by RICS found that changes to planning policy aimed at reducing stamp duty for the majority of first - time buyers had little impact on property sales .