If you’re planning to move, now is the time to act. With higher stamp duty thresholds currently in place, buyers can make significant savings by purchasing a home before April 1, 2025.
At the moment, home movers don’t have to pay any stamp duty on the first £250,000 of a property. However, this threshold is set to halve to £125,000 after April 2025. This means buyers looking to take advantage of the current, more generous threshold should aim to secure their next home this autumn.
By acting now, you could potentially save thousands in stamp duty costs, making it a perfect time to consider your next move. The market is also seeing renewed confidence with recent interest rate cuts, so if you’re thinking of buying, this is your chance to take full advantage before the stamp duty changes come into effect.
