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Slipping under the radar in the Government’s recent budget was the, if you like, ‘non-announcement’ over the current stamp duty discounts. This means the discounts, in place since 2022, will end on the 1st of April 2025.
With stamp duty rates changing for many buyers from 1st April 2025, many movers are stepping up their search for a property at a traditionally quiet time in the market. This sentiment was reflected in Rightmove’s November House Price Index. The portal said the number of sales being agreed is 26% higher now, when compared to the same period in 2023.
November is when winter really arrived. Dark mornings, dark nights, a touch of frost, even a layer of snow. It is also the month many of us will have fired up the central heating for the first time this season.
Data held by the Ministry of Housing, Communities and Local Government estimates there are almost 5 million leasehold homes in England alone. As a result, many people buy, and subsequently sell, a leasehold property.
Did you know 21% of private renters were asked to provide a guarantor when they applied to rent their current property? This finding was part of the latest English Housing Survey, which revealed almost 1 million tenants needed a backup financial plan.
The first Labour Budget for 14 years was a hotly anticipated political event, with rumours swirling in the build-up. Now, with Rachel Reeves safely back in No. 11, we can start digesting the contents. Here is what’s relevant to home movers.
In conversation with Katie Moore our Senior Lettings Negotiator
The Guardian recently ran an article celebrating the ensuite bathroom. It highlighted the changing requirements of home movers who are, as a minimum, increasingly requesting an ensuite to at least one bedroom.
The Renters' Rights Bill (RRB) was introduced into Parliament on 11 September 2024 and will need to go through the usual protocols, but given the new Government’s overwhelming majority and consensus for reform it is expected to become law within 2 years.
Many things have changed since the Covid pandemic but no one would have predicted how two new habits with no direct links to the medical world would radically shift our perspective, perhaps forever. Even more surprisingly, both habits have a direct link to property sales.
The annual ‘colour of the year’ announcements are always eagerly awaited by those who follow interior trends. The first to stick its head above the parapet and make an announcement this year is paint specialist Dulux. Its Colour of the Year 2025 is True Joy.
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