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** Stamp Duty Increases from 1st April 2025 **
As a property owner, you may be considering the best time to sell your home. With the impending changes to Stamp Duty Land Tax (SDLT) rates coming into effect on April 1, 2025, there has never been a more lucrative opportunity to sell your property than right now. Let me explain why.
** Lower Stamp Duty for Buyers **
Currently, buyers benefit from more favourable SDLT rates. For instance, if a buyer purchases a property valued at £295,000 before April 2025, they will only owe £2,250 in SDLT. After April 2025, the same buyer will see their SDLT liability rise to £4,750!This significant increase in costs could deter potential buyers from pursuing properties, ultimately affecting your selling price and the number of interested parties.
** Increased Financial Burden on Buyers **
With the new SDLT rates, first-time buyers will see a reduction in the threshold for relief from £425,000 to £300,000. This means that homes priced between £300,000 and £500,000 will now attract a hefty £10,000 in SDLT for first-time buyers, compared to just £3,750 if purchased before April 2025. Higher costs translate into fewer buyers in the market, which could diminish demand for your property.
** Act Now to Maximise Value **
Selling your property before the SDLT increase not only allows you to take advantage of the current favourable tax structure but also positions you better in a market that will likely experience a decline in buyer interest as the deadline approaches. The more buyers in the market, the higher the chances of achieving a favourable sale price.
** Market Conditions **
The real estate market can be unpredictable, and waiting until after the SDLT changes could result in a more challenging selling landscape. By selling now, you capitalise on the current demand and avoid the uncertainty that comes with increased costs for future buyers.
In conclusion, selling your property now allows you to maximise your potential return, attract a wider pool of buyers, and avoid the negative impact of the upcoming SDLT changes. Don't miss this opportunity to make the most out of your investment. If you have any questions or would like to discuss your options further, please feel free to reach out!
Links
[GOV.UK - Stamp Duty Land Tax](https://www.gov.uk/stamp-duty-land-tax)
[MoneySavingExpert - Stamp Duty Changes](https://www.moneysavingexpert.com/mortgages/stamp-duty/)
[The Property Ombudsman - Stamp Duty Information](https://www.tpos.co.uk/faq-item/stamp-duty)
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As the sun shines brighter and the days grow longer, many of us start to feel that familiar itch for change and new beginnings. Summer is not only a great season for vacations and outdoor activities but also the perfect time to move house. Here are a few reasons why the warmer months could be your ideal time to make a move, along with insights into current market conditions and how you can take the next steps with ease.
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Christmas is often portrayed as a time of joy, laughter, and togetherness with loved ones. However, for many people, the reality can be quite different. Whether it's due to distance, loss, or other circumstances, spending Christmas alone can be a difficult and lonely experience. The truth is, you're not the only one. Many people spend the festive season without company or family around them. But fear not, there are strategies for surviving the loneliness of Christmas and finding moments of joy during this festive season. So, if you're feeling the weight of solitude keep reading for some helpful advice.
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Congratulations! You've decided it’s time to move, but before you get swept away in the joy of a new home, let's talk about some hidden costs that can sneak up on you. These expenses can put a dent in your budget, so being prepared is key!
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When it comes to selling or renting your commercial property, you want to work with a real estate agency that understands the unique needs of business owners. At Deakin-White, we specialize in helping commercial property owners achieve their goals and maximize their investments.
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The Christmas advertising race is in full swing, with brands vying for the title of the most memorable festive ad. From the much-anticipated John Lewis advert to the iconic sound of 'holidays are coming,' Christmas ads have become big business. In fact, Coca-Cola is widely credited with shaping the image of Father Christmas we know today, and brands continue to push the boundaries with creative and emotional campaigns. John Lewis, known for their tear-jerking ads, have taken a different approach this year with a fun and lighthearted campaign that has surprised and delighted viewers.
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Selling your home can be a pivotal moment, often filled with anticipation and big decisions. If you're considering putting your property on the market, you're likely thinking about how to maximize its value to ensure a successful sale. Fortunately, there are several strategic steps you can take to boost your home's appeal and secure the best possible return. Here's how to get the biggest bang for your buck through smart home improvements, effective staging, and an attractive listing.
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Deakin-White can take selling your property to a whole new level. If you're looking for a quick sale, maximum exposure, and the potential for higher sale prices, then you've come to the right place. With our expertise in auctions and dedication to customer satisfaction, we are here to ensure your property reaches its full potential. So whether you have land in need of work, a property in probate, or even a potential building plot just waiting for development - let us guide you through the exciting world of property auctions! Get ready to experience the thrill of selling your home under the hammer with Deakin-White!
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There is one thing you can't ignore and that's how the days are growing shorter and the weather turning colder. Around this time many people experience what's known as Seasonal Affective Disorder (SAD), a type of depression that is triggered by changes in the seasons. While there are various ways to combat this condition, one often overlooked aspect is the impact our homes can have on our mental well-being. At Deakin-White we wanted to give you some simple yet effective ways to optimise your home for better moods during the winter months.
