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find themselves having to pay a good deal more tax. While there was an evident rush to complete purchases before these changes came into effect, from Paul’s point of view they have subsequently had a negligible effect on the market. However, “with current speculation over what the chancellor may come up with in November’s Budget, particularly around stamp duty, it’s possible that we may not see quite the usual seasonal spike in September and October,” cautions Adam. Watch this space, as they say. On a positive note, interest rates have gradually been proving more favourable over the past year, as they slowly but surely recover from the spike of 2023. During 2025, the Bank of England has thrice reduced the interest rate – first to 4.5% in February, then 4.25% in May and 4% in August – and mortgage lenders have responded in kind. “Though mortgage rates remain higher than the historically low levels of 2021, we have experienced a gradual drop with fixed We are also seeing a return of high loan-to- value mortgages , which is then boosting buyer confidence
rates now available below 4%. This has encouraged more buyers to consider their next or first purchase,” Paul notes. “We are also seeing a return of high loan-to-value mortgages, which is boosting buyer confidence,” adds Adam. It’s not too late As we enter the winter months, it can perhaps feel a little late to contemplate selling or buying a home, but the experts are clear that October is still a great time to get on the market. “The end of the summer season sees normality returning to people’s lives – and
that includes home searching!” Paul enthuses. “I expect positive activity in the coming months with the traditional autumn surge in full swing.” “It’s a buyers’ market at the moment, so people can be very discerning and there is less competition. Meanwhile, a good- quality product in the best location will always sell,” says Adam. “For instance, at Knights Park, The Hill Group’s multi-award-winning development in Eddington, we are selling the very last townhouses available and our final phases of apartments at The Icon and Fusion. It’s the last opportunity to secure your dream home here.” Home sweet home So, what are the chances of moving into your new home by Christmas? We asked our experts for their top tips on speeding up the process. “Firstly, make sure to get your ducks in a row and be organised. Use a recommended and trusted solicitor, and it’s helpful to use an independent financial advisor too, instead of going directly to the bank,” suggests Adam. Paul agrees that a good, knowledgeable solicitor will help smooth the transaction path. “Also, ensure that you build a strong relationship with your estate agent who will oversee the whole process and identify any issues along the way. It’s likely that there will be problems that arise, and your agent should be able to advise you professionally to ensure all essential milestones are being hit,” he adds. “Be realistic with targets and take on board advice from those in the know. We are here to help you achieve your goals.”
80 OCTOBER 2025 CAMBSEDITION.CO.UK
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