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MASTIFF / Hidden Mothers + SupportSaturday, March 8 2025

We bring heavyweights Mastiff & Hidden Mothers to Chelmsford for the first time for what is sure to be a massive show!

Click here to read MASTIFF / Hidden Mothers + SupportSaturday, March 8 2025.

How could recent price rises help to offset the stamp duty increase?

The property market has a way of taking care of itself. The recent average, price increases of 1.7%* in January, perhaps driven by demand to beat the stamp duty rush, could help to mitigate some of the costs associated with stamp duty (SDLT). However, this will also largely depend on how well you can negotiate a good selling price and have a good strategy when making an offer.

Strong values could help with stamp duty rises  

For single-owned residential properties, stamp duty has various thresholds, meaning its rise by 2% from 0% on properties is from the portion priced between £125,001 and £250,000.** The increase in value of your property could be more than this amount, which is £2500. However, you pay stamp duty after the purchase of a property, so a lot depends on the finer details of negotiating your offer. If your home’s value is more than £250,000, those thresholds remain the same for a single property.

Understand the full stamp duty rates

It’s important to note that the existing thresholds for homes worth more than £250,000 remain unchanged for single-property purchases. At 5% on the portion from £250,001 to £925,000.** Beyond this, the next £575,000 (from £925,001 to £1.5 million) is taxed at 10%, and any amount above £1.5 million is taxed at 12%.**

First-time buyers

Until 31 March 2025, first-time buyers benefit from a stamp duty (SDLT) discount, paying no SDLT on properties up to £425,000 and 5% on the portion from £425,001 to £625,000.** However, if the property price exceeds £625,000, the relief does not apply, and standard rates are used. From 1 April 2025, the discount threshold will be reduced, with no SDLT on properties up to £300,000 and 5% on the portion from £300,001 to £500,000.** If the price exceeds £500,000, buyers must follow the standard stamp duty rules applicable to those purchasing a home for the second time or beyond.**

Maximise your home’s value

With demand high and prices rising, now is a great time to assess your property’s true worth. A professional valuation could reveal a larger-than-expected increase in your home’s value, putting you in a stronger position when selling and helping to counteract stamp duty costs. Making the most of your home’s value can often be about the little things as well as staging and presenting it professionally.

Market momentum is building

As we move further into the year, market confidence continues to grow. Lower mortgage rates, high demand, and rising home values are all contributing to a buoyant property landscape. Whether you're looking to upsize, downsize, or relocate, conditions remain favourable for making your next move.

The power of good negotiation

A well-negotiated offer can make all the difference when securing your next home, and having an experienced agent by your side can help you achieve the best outcome. A good agent will understand market conditions, assess the seller’s position, and guide you on making a strong yet strategic offer. Whether it’s negotiating on price, securing favourable terms, or ensuring you stand out in a competitive market, expert advice can put you in the best position to succeed.

Contact us today for a free valuation and expert advice

Rightmove*

GOV.UK**

Tips to make your offer more attractive to sellers without overpaying

In today’s competitive property market, securing the home you want requires more than just making a high offer. Sellers consider multiple factors when choosing a buyer, and a well-structured, appealing offer can give you the edge without stretching your budget too far. Here are some key strategies to make your offer stand out while ensuring you pay a fair price.

Get your finances in order

Sellers prefer buyers who can move quickly and with confidence. Having a mortgage agreement in principle (AIP) shows that you are financially prepared and serious about buying. If you are a cash buyer, making this clear in your offer strengthens your position, as sellers often favour buyers who do not rely on mortgage approval.

Be flexible with your timeline

A seller’s ideal buyer is someone who fits their moving plans. If they need a quick sale, being ready to proceed without delays can put you ahead of the competition. On the other hand, if they need extra time to find a new home, offering flexibility on move-in dates could work in your favour. Asking the seller about their preferred timeline and accommodating their needs can make your offer more appealing.

Keep your offer clean and simple

Avoid adding unnecessary conditions that could slow down the process. Sellers may be put off by offers that are dependent on selling another property or subject to extensive surveys and delays. A straightforward offer with fewer contingencies reassures the seller that the sale is less likely to fall through.

Establish a good relationship with the seller

Property transactions are not purely financial. Sometimes sellers favour buyers they feel a connection with. Expressing why you love the property and how you plan to care for it can create goodwill. This is especially effective when sellers have an emotional attachment to their home.

Work with a reliable estate agent

A well-regarded estate agent can present your offer in the best light and highlight your strengths as a buyer. If you are working with a trusted agent, they can communicate your seriousness and financial readiness to the seller’s agent, giving you a competitive edge.

Show you are ready for a smooth transaction

Being prepared with all necessary documents, such as proof of funds and solicitor details, demonstrates that you are serious and ready to move forward. Sellers and agents appreciate buyers who are organised and can proceed without unnecessary delays.

Win the offer without overpaying

Securing a property does not always mean offering the highest price. A well-prepared, flexible, and confident approach can make your offer more attractive without exceeding your budget. By presenting yourself as a strong, reliable buyer, you increase your chances of getting the home you want without paying over the odds.

Need expert advice on making a winning offer? Contact us today for guidance on navigating the buying process successfully

Maximising rental yields in 2025: Strategies for UK landlords

With the rental market evolving, landlords in 2025 must adopt smart strategies to maximise their rental yields while maintaining strong tenant demand. Rising costs, changing regulations, and shifting tenant preferences mean that landlords need to be proactive in optimising their investment returns. Whether you own a single rental property or a portfolio, here are key ways to maximise your rental income this year.

Set the right rent for market conditions

One of the most effective ways to maximise rental yield is by setting a competitive rental price. Overpricing can lead to long void periods, while underpricing means missing out on potential income. Regularly researching local rental values and adjusting your rent accordingly ensures you remain in line with market demand. Using letting agents or rental valuation tools can help you find the right balance between attracting tenants and securing strong returns.

Minimise void periods

Every month a property sits empty is lost income. To reduce void periods, ensure your property is well-maintained and market-ready before an existing tenant moves out. Listing your property early and offering flexible move-in dates can also help secure a new tenant quickly. Keeping good relationships with current tenants and offering incentives for lease renewals can further reduce turnover and maintain consistent rental income.

Make cost-effective upgrades

Small improvements can significantly increase rental value and attract quality tenants. Upgrading kitchens and bathrooms, improving energy efficiency, and modernising interiors can justify higher rents. Features such as high-speed broadband, smart thermostats, and modern appliances are becoming key selling points. Investing in energy-efficient upgrades may also help future-proof your property against evolving government regulations.

Offer fully furnished or part-furnished options

Furnished properties often command higher rents, particularly in city centres and areas popular with young professionals or corporate tenants. Offering a part-furnished or fully furnished option can increase demand and attract tenants willing to pay a premium. Providing quality furniture and neutral decor appeals to a wider tenant base and can justify a higher rental price.

Optimise energy efficiency to meet tenant expectations

With rising energy costs and stricter regulations on rental properties, improving energy efficiency is becoming essential. Properties with better Energy Performance Certificate EPC ratings are increasingly preferred by tenants who want to save on bills. Installing better insulation, double glazing, and energy-efficient heating systems can increase desirability and rental value. Government incentives may also be available to help cover upgrade costs.

Review mortgage and financing options

For landlords with buy-to-let mortgages, reviewing your financing arrangements can help boost rental yields. With mortgage rates fluctuating, refinancing to secure a better deal could reduce monthly repayments and improve profitability. Speaking to a specialist mortgage broker can help identify opportunities to restructure lending and maximise returns.

Stay compliant with changing regulations

Regulatory compliance is key to maintaining strong rental yields. Failing to meet new legal requirements can result in fines and additional costs. Staying up to date with licensing rules, deposit protection laws, energy efficiency standards, and health and safety regulations ensures your property remains legally lettable and attractive to tenants. Seeking professional legal or lettings advice can help you stay ahead of regulatory changes.

Build strong relationships with tenants

Retaining reliable tenants reduces costs associated with finding new occupants and minimises void periods. Good communication, prompt maintenance responses, and fair rent adjustments help create long-term tenancies. Satisfied tenants are more likely to renew their tenancy agreement, reducing turnover and ensuring steady rental income.

Maximising returns in 2025

With the right strategies, landlords can improve rental yields while keeping their properties in demand. Setting competitive rents, reducing void periods, making smart upgrades, and staying on top of legal requirements are key to a successful and profitable rental investment. By adapting to market trends and tenant expectations, landlords can ensure strong returns in 2025 and beyond.

Key positives driving the UK property market forward this February

The UK property market is showing strong momentum this February, with increased activity from both buyers and sellers. A combination of rising demand, improved mortgage deals, and appealing properties is fuelling confidence in the market.

Prices reflect strong demand

The average price of a property coming to market increased by 1.7% (+£5,992) in January to £366,189, marking the biggest jump in early-year prices in five years.* This growth reflects continued buyer interest and suggests that those considering selling their homes could benefit from robust demand and competitive offers.

Active sellers

Sellers are entering the market with renewed confidence, with 11%* more new properties listed compared to the same period last year. A wider selection of homes gives buyers more options while ensuring sellers attract attention from a motivated pool of purchasers eager to move.

Active buyers

Buyer demand is also on the rise, with the number of agreed sales increasing by 11% year-on-year.* More buyers committing to purchases signals a thriving market, where realistic pricing and desirable properties are securing strong offers.

Stamp duty

With the 1st of April deadline having prompted many to start early, first-time buyers and homemovers seized the opportunity to minimise costs, adding more momentum to the market. Homemovers who do not move before then recognise the 2%** increase in stamp duty between £125,001 and £250,000, amounting to £2,500, is relatively small set against their investment and the improving market conditions. This makes the decision to move more straightforward.

Better mortgage deals

Lenders are responding to market conditions with more competitive mortgage deals, helping buyers secure favourable rates. Lower borrowing costs are encouraging those who may have delayed their move last year to re-enter the market, boosting overall activity and driving momentum.

Beautiful properties

With more homes available, buyers can explore a diverse range of properties, from charming period homes to contemporary new-builds. Sellers who present their properties well, using professional photography and effective marketing, can attract strong interest and secure the best possible price in this active market.

Market confidence

The improving economic outlook and rising consumer confidence are supporting the property market’s momentum. Stable house prices, increasing wages, and a strong rental market are encouraging both buyers and investors to act. With greater certainty in the market, more people are taking decisive steps towards buying or selling their homes.

Start your journey this February with confidence by booking a free valuation