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With 12-16 weeks as the industry average time from sale agreed to completion before even taking into the account the time to find a proceedable buyer, savvy home sellers are listing their properties now while buyer demand is high for those looking to complete the transaction before increases to Stamp Duty Land Tax (SDLT) from April 2025
The "State of the Lettings Industry Report 2024" by Goodlord found that many landlords are concerned about the impending Renters' Rights Bill and the impact the abolishment of Section 21 notices and immediate transition to periodic terms for all tenancies could mean for their investment.
This was announced in the Autumn Budget impacting people purchasing additional properties.... with immediate effect!
With a budget announcement & base rate review looming in coming weeks, is now the right time to think about buying and selling property?