The UK property market is currently teeming with opportunities, and savvy buyers and sellers are keen to make the most of the current conditions before the significant Stamp Duty changes take effect in April 2025. If you’re planning to buy or sell a property, auctions offer a unique and time-sensitive chance to secure a deal and potentially save thousands. With our first auction of 2025 fast approaching on Thursday 13th February, now is the time to act—before the deadline for the Stamp Duty increases comes around.
What’s Changing with Stamp Duty?
From 1st April 2025, the UK government will be increasing Stamp Duty rates. Here’s a breakdown of the new rates:
- Up to £125,000: 0%
- £125,001 to £250,000: 2%
- £250,001 to £925,000: 5%
- Above £1.5 million: 12%
Additionally, first-time buyers will see a reduction in relief, with the threshold for Stamp Duty dropping from £425,000 to £300,000. If you’re planning to buy a property, acting now—before the tax hike—could save you thousands of pounds in Stamp Duty alone.
Why Auctions Are the Best Option to Beat the Stamp Duty Deadline
In today’s fast-paced property market, auctions offer a clear advantage for buyers and sellers looking to complete transactions quickly and with certainty. With the looming Stamp Duty increases just months away, auctions are the only guaranteed way to secure a property before the changes come into effect. Unlike traditional private treaty sales, auction properties typically come chain-free, with much quicker timelines from exchange to completion. This allows both buyers and sellers to lock in deals well before the April deadline, avoiding any last-minute complications and ensuring that all transactions are completed on time.
An Important Date for Your Diary: Thursday 13th February
Our first auction of 2025 is scheduled for Thursday 13th February, and is a vital opportunity for anyone looking to purchase a property before the Stamp Duty changes in April. This is a key moment in the property market, where quick action could save you a significant amount of money. Sellers also have much to gain from this auction. With demand high for chain-free homes, sellers who choose to list at auction can often secure better prices than those who opt for traditional methods. Buyers will be eager to complete purchases quickly, and sellers can capitalise on this demand.
Whether you’re actively looking to buy, thinking about selling, or simply exploring your options, now is the time to get involved. Don’t wait until it’s too late—call us today on 020 7871 0420 to participate in our February auction and secure your property before the Stamp Duty increase.
