New Year, New Home? Why it Pays to Plan Your Move Early in 2025
The New Year is a time for fresh beginnings, when our thoughts naturally turn to aspirations for the next 12 months. If owning your dream home is one of your goals for 2025, there are various compelling reasons to start the process straight away and make it happen as soon as possible. Here’s why planning your move now could be one of the best decisions you make.
Lock In Savings Before Stamp Duty Changes
Upcoming changes to stamp duty rates could mean higher costs for homebuyers later in the year. Currently, the stamp duty threshold is more favourable, allowing buyers to save thousands on their purchase. Current thresholds are particularly advantageous for first-time buyers. However, this is set to revert to previous levels after 31 March 2025. By planning your move now, you’ll have the chance to complete a move before April and capitalise on these savings. Buying from a house-builder like Erris Homes, with no upward chain, is an easy way to accelerate the process.
Take Advantage Of Low Mortgage Rates
Recent market trends show that UK mortgage rates are currently stabilising at lower levels compared to the highs seen in 2022. Reports leading up to Christmas suggest that mortgage rates are set to fall below 4% in early 2025, with banks keen a ‘positive start’ to next year by offering the lowest deals possible.
Erris Homes’ exclusive Own New Rate Reducer scheme offers an additional advantage, helping buyers cut their mortgage costs even further. With rates more manageable and tailored options from Erris Homes, now is an excellent time to secure your dream property.
Beat The Rush And Avoid Rising Prices
Moving early in the year has practical advantages too. The property market often gains momentum after the holiday season, and by planning now, you can get ahead of the springtime rush.
Mortgage lender Nationwide recently reported that it expects UK house prices to rise by 2%-4% in 2025. With that in mind, aspiring homeowners would be wise to start the process of buying and moving as soon as possible.
Getting Ready To Move
For many people, the post-Christmas period is an opportunity to invest time in preparation and planning which can ease the stress of moving. If you’ve set your sights on a move in 2025, create a clear timeline, establishing key dates for each stage of your move, from securing a mortgage to packing, and moving in. This will help you stay organised and reduce anxiety.
It also helps to declutter early: go through your belongings and decide what to keep, donate, or discard. This will make packing and unpacking far easier.
Research solicitors and removal firms now to ensure you’re not rushing around looking for a suitable company when you’re ready to buy a home. Word-of-mouth recommendations are often valuable in finding reliable options.
Make sure you do plenty of homework about mortgage options too – check online comparison websites, use online mortgage calculators and speak to brokers to make sure you’ve explored every possibility in financing your move. Erris Homes can connect you with brokers which specialise in new-build mortgages and have exclusive access to lower lending rates.
Once you’ve completed your research, you can start to plan for all expenses, including solicitor fees, moving costs, and any additional furniture or fittings you might need for your new home.
Speak To Erris Homes To Speed Up Your Move
If you’re looking for a property in the Halifax area, Erris Homes could help to speed up your move. We’re offering a range of 3, 4, and 5-bedroom homes priced from £345,000 at our Calder Mews development in Greetland, with some ready to move into in early 2025, before the Stamp Duty changes. If you have a home to sell, we can help you to find a suitable buyer with our Smart Move scheme.
To find out more and start planning your 2025 move, contact Erris Homes on 0113 531 0000 or caldermews@errishomes.com
To find out the latest availability at Calder Mews and arrange an appointment to view, contact Edkins & Holmes on 0142 255 3510 or enquiries@edkinsandholmes.co.uk