Move now and cut your costs, says Connells
27 August 2010
National estate agency Connells is advising anyone looking to move in the near future to do so before the VAT increase in January 2011.
The tax hike, which is set to increase moving costs including legal fees, Energy Performance Certificates and some surveys, means those looking to buy a home would do well to get the ball rolling as soon as possible and move before VAT goes up.
“The upcoming two and a half per cent VAT rise will make moving more expensive next year,” explains Tim Wardley, Divisional Managing Director for Connells. “As well as initial costs like solicitors’ fees and surveys, buyers need to think about things like the cost of furnishing and decorating their new home. All these things will go up in price as a result of higher VAT.”
Since HIPs were suspended in May this year, the cost of marketing a property for sale has come down considerably. Connells ‘Free EPC’ offer* helps reduce the present cost even further so now is a fantastic time for buyers to get their properties on the market and be in a new home before Christmas.
“Connells can help buyers get on the market at minimal cost,” Tim continues. “When VAT goes up to 20 per cent, moving will be more expensive, but Connells services like our ‘Free EPC’ or our ‘Cashback’ offer, are designed specifically to overcome these issues and get people moving.”
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Notes to editors
* Terms and conditions apply
About the Connells Group:
Founded in 1936 and comprising of 464 branches nationwide, the industry-leading Connells Group is the second largest and most profitable UK estate agency network. Last year, the Group generated £54.2 million in pre-tax profits making it the most successful estate agency group in the UK.
In addition to operating under the Connells brand, the Group trades under other well-known local names including Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney and Pattison Lane.
As well as residential property sales and lettings, the Group has a comprehensive range of B2C and B2B services including new homes, mortgage services, conveyancing, EPCs, surveying, corporate lettings, asset management, land & planning, LPA receivers, auctions and relocations.
The Connells Group is consistently named Best Large Estate Agency at the Estate Agency of the Year awards, winning the top prize for four of the past six years. It is also highly acclaimed in the New Homes category, winning Gold five times in the last six years, and in the Financial Services category for which it currently holds the Gold prize. For more information, please visit www.connells.co.uk