General election: 4 changes that could help home-movers 🏠
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
With just a few weeks to go before the General Election, Rightmove predicts 4 changes that could help home-movers...
1. Speeding up house-building to increase much needed supply
🔹 Put simply, more new homes are needed
🔹 To buy, demand is up 15% compared to 2019 and at the same time, available homes are down 6%!
🔹 To rent, demand up 32% compared to 2019 and at the same time, available homes are down 38%!
🔹 If new houses are built more quickly (whilst maintaining quality), these high demand levels can be better met
2. Stamp Duty changes and better borrowing options for First-time Buyers (FTBs)
🔹 The current level of stamp duty for a First-time Buyer is 0% up to £425,000 - however, this is due to end in April 2025
🔹 A General Election is a huge opportunity for a new Government to come in with fresh ideas for better borrowing, and make any stamp duty relief for FTBs permanent
🔹 You can check the current stamp duty rates here
3. Incentives to help people make their homes greener
🔹 Home-owners need better and easier access to schemes that enable them to make green improvements, the current upfront costs are a significant barrier for most home-owners
4. Simplifying and speeding up the home-buying process
🔹 It is currently taking an average of more than 7 months from when someone puts their home up for sale until they move
🔹 A new Government has the chance to do something about it: by speeding up the home-moving process to encourage a less stressful and more seamless process for home-movers
Click here for step-by-step guide to selling your home. For further advice, contact our Head Valuer Lisa (lisa.dahl@cavendishproperty.co.uk) for everything you need to get started 🚦
📸 Lisa Dahl-Parsisson, Head Valuer and Asset Manager at Cavendish Residential 📸
☎📧🗨
🌟 Instant online valuation (immediate response, 60-70% accurate)... Click here 🌟
🌟 Remote consultant valuation (24-hour response, 80-90% accurate)... Click here 🌟
🌟 Face-to-face visit (time to suit you, 100% accurate)... Email expert valuer lisa.dahl-parsisson@cavendishproperty.co.uk to get started 🌟
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
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