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Property market records strongest month in 13 years

Latest figures from HM Revenue & Customs (HMRC) show that the UK’s property market recorded its strongest month in 13 years in April, with a combination of pent-up demand and Stamp Duty saving fuelling a buoyant market.

Meanwhile, experts suggest that the market could continue to perform strongly beyond the end of the current Stamp Duty holiday.

Jon Cunliffe, Deputy Governor of the Bank of England, said: “One would expect the market to cool down when public support to the economy in general and housing market in particular.”

But he added that there “may also be some reasons to believe that the recent increase in demand for housing, and perhaps the composition of that demand, which has driven the UK market in recent months, reflects some more persistent drivers and that the market will not fall back to its pre-pandemic decade performance when the tax incentives have gone.”

Since July 2021, the stamp duty threshold has been reduced from £500,000 to £250,000. This valuable relief is set to stay until 30 September 2021, before reverting to its usual £125,000 level from 1 October 2021.

Mander Hadley now offer buyers and sellers an online Conveyancing Portal to make obtaining a Quotation quicker and easier.

Jackie Prior, Mander Hadley’s Associate Director, who heads up our residential property team, explained: “The portal includes a price calculator which provides an instant estimate of our conveyancing fees and the charges payable to third parties.

“Clients can instruct us online at the click of a button at any time of the day or night. As always, our dedicated conveyancing team will be available to assist throughout your transaction.”

You can check out the Conveyancing Portal here or for help and advice please contact us and we can arrange for a member of the team to get in touch.

Mander Hadley

Mander Hadley Solicitors is not only a long established firm, but is vibrant and successful, with a forward thinking approach.