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02 November 2020

Moving Home? Don't miss the Stamp Duty Holiday Opportunity

Paul Rossiter
Posted by: Paul Rossiter Managing Director

Move House now before it's too late

The property market has been booming recently with the number of houses bought and sold rising rapidly since July when the national lockdown restrictions began to be eased. In fact, year-on-year house moves have risen by 50% equating to nearly 150,000 more homes sold than in 2019.  However, if you are applying to take advantage of the stamp duty holiday (on home purchases up to £500,000 in England) then you should look to find a house and instruct a solicitor as soon as possible as the stamp duty holiday ends on the 1st April 2021. 

 

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It usually takes between 8-12 weeks to move home once you instruct a solicitor, however, there are many factors involved and delays can arise in relation to surveys and mortgages, and can be dependent upon how many people there are in the chain. Also with most services being busier than they ever have been there are increasing delays in obtaining searches etc In addition, the government of England and Wales may yet impose further coronavirus restrictions which will lead to further delays and as such we would advise anyone hoping to move home in the next 4-5 months to instruct a solicitor as soon as possible.
 
In certain areas of the country, house prices have risen by up to £20,000 as there is a surge in demand for larger homes with gardens created largely due to the coronavirus restrictions.  With no end in sight and question marks over the effectiveness of any vaccine, people are fearing that they are going to have to spend more time at home and therefore they are looking for larger homes with more rooms and a larger outdoor space.  The average house price has recently reached a new record high of £323,000.  In fact, in September house sales were 20% higher than in August with nearly 100,000 completed house moves during that period.
 
If you require any advice on moving home please do not hesitate to contact us.  We offer a fixed price NO MOVE NO FEE guarantee for all residential conveyancing.

Contact the Conveyancing Specialists at PSR Solicitors:

If you need any legal advice or expert conveyancing services for an impending house sale or purchase. talk to one of our team at the office closest to you.

Conveyancing Solicitors Wrexham

Conveyancing Solicitors Rhyl

Conveyancing Solicitors Shotton

Conveyancing Solicitors Colwyn Bay

Conveyancing Solicitors Cheshire

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