With a government stamp duty increase looming after March 2025, homeowners and buyers alike are rushing to complete their moves before the deadline. If you’re considering relocating, acting fast could save you thousands of pounds. In this article, we explore the upcoming changes, the potential impact on home movers, and why now is the time to act.
What’s Changing with Stamp Duty in 2025?
Stamp duty is a tax levied on property purchases in England and Northern Ireland, and any increase can significantly impact moving costs. The government are changing thresholds for stamp duty rates from April 2025, affecting buyers across the board. While the exact figures may vary based on property value and buyer type (e.g., first-time buyers, second-home purchasers, or investors), the general consensus is that costs will rise.
For many, this increase could mean paying thousands more in upfront fees. Homebuyers looking to move in 2025 should aim to complete their transactions before the end of March to avoid these additional costs.
Why You Should Act Now
- Save Money on Stamp Duty
Completing your move before April 2025 means you’ll pay the current lower rates, potentially saving thousands of pounds. - Increased Property Demand in Early 2025
As more buyers rush to beat the deadline, competition for properties will rise. Acting early gives you a better chance of securing your dream home before the market becomes overly competitive. - Avoid Delays in the Moving Process
The property market often experiences delays due to mortgage approvals, surveys, and legal paperwork. Starting your move as soon as possible reduces the risk of missing the deadline due to unexpected hold-ups. - Get the Best Removal Services Before Demand Surges
As the March deadline approaches, removal companies will see a spike in bookings. Booking early ensures you get a reputable and reliable moving service at a competitive rate.
Steps to Ensure a Smooth Move Before March 2025
- Start Your Property Search Immediately
If you’re buying a home, begin viewing properties now. If you’re selling, list your home as soon as possible to attract buyers looking to beat the deadline. - Secure Your Mortgage Early
Lenders may become overwhelmed as the deadline nears. Getting mortgage pre-approval now can streamline the process and prevent last-minute disappointments. - Hire an Experienced Removal Company
A reliable removals and storage company can make your move stress-free. At Manchester Removals and Storage, we offer professional, secure, and efficient moving services, ensuring your belongings arrive safely and on time. - Work with Efficient Solicitors and Estate Agents
Choose professionals known for handling transactions quickly. Delays in legal paperwork could push your move past the deadline, costing you more in stamp duty.
Conclusion
The upcoming stamp duty increase makes early 2025 a crucial time for home movers. Acting now could save you thousands and help you secure a smooth transition to your new home. Don’t wait until the last minute—start planning today to move before March 2025 and avoid the extra costs.
If you need a trusted moving service, Manchester Removals and Storage is here to help. Contact us today to book your move and beat the deadline!