Huge surge in property transactions as buyers rush to beat stamp duty changes

According to Belinda Hill, Director and Head of Residential Conveyancing at Waldrons Solicitors, the rush to complete transactions before the deadline is already being felt, with conveyancing teams experiencing a significant increase in caseloads as clients seek to finalise purchases while benefiting from the reduced SDLT.

Since the government introduced reduced SDLT in September 2022, many buyers have capitalised on reduced tax burdens, leading to increased demand for property purchases. However, with rates set to revert to pre-2022 levels on 1st April 2025, the urgency to complete transactions has accelerated.

“We are already seeing a significant increase in transaction volumes, with buyers and sellers keen to push through sales before the SDLT changes take effect,” said Belinda. “This is putting substantial pressure on the market, particularly with mortgage approvals, legal processing times and lender deadlines all coming into play.”

Waldrons Solicitors is advising all clients to act swiftly and ensure that necessary documents are submitted in good time. Missing key deadlines could result in delayed completions and potential exposure to higher SDLT charges.

Certificate of Title (COT) Submission Deadlines for Completions this month:

“These deadlines are crucial in ensuring that transactions can be completed smoothly,” added Belinda. “We strongly encourage buyers and sellers to provide all required information as early as possible to avoid unnecessary delays.”

For many homebuyers, completing a purchase before the April deadline could mean thousands of pounds in tax savings. For example, under the current system, buyers of properties up to £250,000 pay no SDLT, whereas from 1st April 2025, tax will be payable on purchases above £125,000—doubling the threshold impact overnight.

“Every day counts now,” warns Belinda. “With conveyancing pipelines already experiencing delays due to increased demand, waiting too long could mean missing the opportunity to benefit from the reduced SDLT rates.”

As one of the leading conveyancing teams in the Black Country and Worcestershire, Waldrons Solicitors is well-placed to help buyers and sellers navigate this high-pressure period. Their expertise ensures transactions are handled efficiently, helping clients meet deadlines and avoid unexpected tax burdens.

“We understand that buying a home is one of the biggest financial decisions a person will make,” Belinda said. “Our team is dedicated to providing expert legal guidance, ensuring a smooth and stress-free process, especially during this crucial time in the property market.”