The average moving cost has fallen from £10,911 before the stamp duty came into effect to £6,669, saving at least £4,242 from your next move – on average.
The cost of moving has been gradually climbing for many years, but the stamp duty allowance has led to this season being the cheapest time to move in decades.
The level of demand from the UK's first-time buyers remains at a reassuringly high level, meaning they are still finding ways to buy during this unpredictable year.
There are loads of reasons why you might want to move this October, but it's important to understand what is driving you right now.
Ask yourself, where?
Buyer priorities have changed since lockdown. Do you want to be closer to friends, family or work? Broadening your search – just by a few miles – can reveal more affordable options. Set time aside to find new areas and get a proper feel for whether you could see yourself living there.
When is the right time?
If you set yourself a timeframe, you can start adjusting your monthly savings and outgoings to be more practical. Buying now, for instance, will give you just enough time to benefit from stamp duty savings before the scheme ends – making it worthwhile for those ready to commit soon to fast-track their plans.
And lastly, how?
This is where you can ask us for help. There are multiple, rewarding schemes out there to support first-time buyers and homeowners. Talk to us to start the process of your next move.