Stamp Duty changes – tune in
From 1 April 2025, Stamp Duty Land Tax (SDLT) rates will revert to pre-September 2022 levels. First-time buyers will start paying SDLT on properties over £300,000, while all other buyers will pay on homes valued above £125,000. It’s important for buyers to factor in these changes when planning a property purchase.
Now here’s a golden anniversary worth celebrating!
Celebrating the 50th anniversary of the Sex Discrimination Act, which enabled women to secure mortgages independently. The number of primary female mortgage applicants has increased recently, however the gender pay gap still presents a home ownership barrier to women.
Record sales in 2024 and a surge expected in early 2025
In 2024, the UK housing market saw the highest level of sales since 2020, fuelled by reduced mortgage rates. A Q1 2025 surge is expected as Stamp Duty relief ends, but future activity depends on economic conditions and affordability trends.