3 Reasons Why You Should Sell Your Property This Month

Whilst January and February can traditionally be a quiet period for the housing market, with Spring only around the corner and a General Election less than 4 months away, are you aware that you could be missing out on some great selling opportunities this month?

What makes this year differ from any other?

With a General Election looming, 2015 is set to be an eventful year for everyone and as a home owner interested in selling; you need to be aware of other interesting factors that could help you decide whether selling is the right option for you and your family this year.

Here are five reasons why you should be putting your home on the market this month:

  1. Stamp Duty 

Buyers must pay Stamp Duty Land Tax (SDLT) when purchasing property in the UK over a certain price. However, as of 4th December 2014 SDLT is charged at increasing rates for each portion of the price, instead of being charged at a single rate for the entire price of a property as it was before. This is encouraging many more potential buyers to the market; as for residential properties, buyers will now pay:

* nothing on the first £125,000 of the property price

* 2% on the next £125,000

* 5% on the next £675,000

* 10% on the next £575,000

* 12% on the rest (above £1.5 million)

So, for example: If a buyer purchases a property for £275,000, they’ll pay £3,750 of SDLT. So if you have a property worth up to £937,500 you’ll certainly benefit from the change.

This is made up of:

* nothing on the first £125,000

* £2,500 on the next £125,000

* £1,250 on the remaining £25,000

Whether this is a political move or not, you should take full advantage of it before it’s too late! As anything is subject to change after 7th May 2015, when the General Election takes place.


  1. Mortgage Availability 

Due to falling interest rates the average fixed rate mortgage is now priced at 3.14%, which is down 0.05% from the rate of 3.19% recorded in January; one of lowest mortgage rates on offer ever recorded! Whereas the average variable rate mortgage has an average rate of just 2.11%, down from 2.16% last month. So with average fees decreasing too, this is inevitably encouraging even more new buyers towards your property. Definitely a win-win for you and your potential buyer!


  1. Time of the year 

This year January has been quiet but February has been incredible.   At all price points we are seeing growth, our investors are like hungry hippos, we just can’t satisfy their appetite.  We are currently in a position that we’re selling more properties than those being listed.  Last week alone we we sold 9 and only listed 7, two of these sales were within 24 hours.

Therefore with the changes in stamp duty, the current mortgage availability, as well as the time of year, this really is the best time to sell your home.  You deserve to sell your home with an agent who understands how to get the best for your property within today’s market.  Call one of our friendly team today – on 01254 760660 or email: Darwen@AinsworthLordEstates.com.