๐ฆ๐๐ฎ๐บ๐ฝ ๐๐๐๐ ๐๐ต๐ฎ๐ป๐ด๐ฒ๐: What They’ll Mean for Buyers in Leicester
Stamp Duty changes coming into force on 1 April 2025 are shaking up the property market.
First-time buyers (FTBs) are leading the charge to beat the deadline, with demand soaring.ย ย
๐๐ฟ๐ผ๐บ ๐ป๐ฒ๐ ๐ ๐๐ฝ๐ฟ๐ถ๐น:
FTBs will pay Stamp Duty on homes over ยฃ300,000 (currently ยฃ425,000).
FTB Relief will only apply to properties up to ยฃ500,000, down from ยฃ625,000.ย ย Home-movers will see thresholds drop from ยฃ250,000 to ยฃ125,000.ย ย For example, an FTB buying a ยฃ425,000 home will pay ยฃ6,250 after April, compared to ยฃ0 now.ย ย
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With transactions taking months, buyers and sellers must act fast. Work with experienced agents and conveyancers, stay organised and communicate clearly.ย ย FTBs and cash buyers may benefit from motivated sellers keen to avoid delays.ย ย If you want to move, contact us today to make it happen before the deadline.ย ย
๐ฆ๐ต๐ฎ๐ฟ๐ฒ ๐๐ต๐ถ๐ ๐๐ถ๐๐ต ๐๐ผ๐บ๐ฒ๐ผ๐ป๐ฒ ๐๐ต๐ผ ๐บ๐ถ๐ด๐ต๐ ๐ป๐ฒ๐ฒ๐ฑ ๐๐ผ ๐ธ๐ป๐ผ๐!
