Big changes to Stamp Duty are coming on 1st April 2025, and they could significantly impact your property plans. If you’re buying or selling, then now is the perfect time to act.
From April:
- A 2% Stamp Duty rate will apply to properties valued between £125,001 and £250,000.
- The 0% threshold for first-time buyers will drop from £425,000 to £300,000.
For buyers, this means waiting could cost you thousands more in taxes. These changes are likely to spark a rush in the market as the deadline approaches, pushing up demand and prices. Acting now ensures you can secure a property at today’s rates without the stress of last-minute competition.
First-time buyers will feel the pinch most, as properties above £300,000 will no longer be fully exempt. Starting your search now gives you the best chance to save money. At David James, we offer independent mortgage advice through our in-house team of expert mortgage advisers. Whether you’ve already had advice from a bank or building society or are new to the process, they can provide a comparison on any deals offered to you and ensure you’ve secured the best mortgage for your circumstances.
Sellers can also benefit by listing their properties now. Motivated buyers looking to beat the deadline will likely push up demand, giving you a better chance of securing a strong offer. At David James Estate Agents, we have a deep understanding of the local market, and our expert team is committed to getting you the best possible price. With over 30 years of experience and a reputation for outstanding customer service, we’re here to guide you through the entire selling process, from pricing your home right to negotiating the best deal.
Get in touch with our expert team at David James Estate Agents!