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The UK property market is set to undergo significant changes in March 2025, with adjustments to Stamp Duty Land Tax (SDLT) thresholds poised to impact various stakeholders, including landlords. Understanding these changes and their potential effects is crucial for property investors and landlords planning future acquisitions or managing existing portfolios.

Overview of the 2025 Stamp Duty Changes

In 2022, the Conservative government temporarily increased the SDLT threshold to £250,000 to stimulate the housing market. This measure is scheduled to revert to its previous level of £125,000 in March 2025. Additionally, the Labour government’s Autumn Budget in October 2024 introduced an increase in the stamp duty surcharge for second homes and buy-to-let properties from 3% to 5%, effective from October 31, 2024.

Implications for Landlords

These changes carry several implications for landlords:

1. Increased Acquisition Costs: The reduction of the SDLT threshold to £125,000 means that properties priced above this level will incur higher stamp duty charges. Coupled with the increased surcharge for additional properties, landlords face a notable rise in upfront costs when expanding their portfolios.

2. Potential Shift in Rental Demand: A survey by Landbay indicates that 49% of landlords believe the upcoming SDLT changes will encourage tenants to rent for longer periods, as the increased costs of purchasing homes may deter potential buyers. Additionally, 35% anticipate a rise in rental demand due to these tax adjustments.

3. Strategic Reassessment: With higher entry costs, landlords may need to reassess investment strategies, focusing on areas with higher rental yields or considering alternative property types to maintain profitability.

Navigating the Changes with Richard Kendall Estate Agent’s Lettings Department

Given the complexities introduced by these tax changes, landlords can benefit from the expertise of Richard Kendall Estate Agent’s Lettings Department. Here’s how they can assist:

• Market Analysis: With over 40 years of experience in the Wakefield and Pontefract areas, Richard Kendall’s team provides insights into local market trends, helping landlords identify high-yield investment opportunities that align with the new tax landscape.

• Tenant Acquisition and Retention: As a family firm with family traditions, Richard Kendall offers a professional and personal service, implementing effective tenant sourcing and retention strategies to ensure consistent rental income amidst shifting market dynamics.

• Regulatory Compliance: Richard Kendall’s lettings department is a licensed member of the Association of Residential Lettings Agents, ensuring that landlords remain compliant with tax regulations and property laws, mitigating potential legal and financial risks.

In conclusion, the forthcoming SDLT threshold changes present both challenges and opportunities for landlords. Collaborating with Richard Kendall Estate Agent’s Lettings Department can provide the support and guidance necessary to navigate this evolving landscape successfully.

Ready to connect your home with buyers? Contact us today to get started

Latest Properties

Pinderhill Mews, Wakefield

£215,000

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A superbly presented two bedroom town house close to Pinderfields and city centre with DRIVEWAY and enclosed garden. VIEWING ESSENTIAL. EPC rating B83.

Castleford Road, Normanton

Offers over £160,000

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Situated in Normanton town centre is this THREE bedroom mid terraced property benefitting from AMPLE reception space, LOW MAINTENANCE YARD and MODERN fitted bathroom. VIEWING ESSENTIAL. EPC rating D63.

Hanover Street, Wakefield

£150,000

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Offered for sale with vacant possession is this THREE bedroom mid terrace property, ideal for the FIRST TIME BUYER or investor. VIEWING ESSENTIAL. Awaiting EPC rating.

Wakefield Road, Normanton

£190,000

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A deceptively WELL PROPORTIONED three bedroomed semi detached house enjoying a slightly elevated NON ESTATE POSITION within EASY REACH of all the town centre facilities. EPC rating D56.

What Our Customers Say...

As electrical contractors, CRE Electricians have had the pleasure of working alongside Richard Kendall in Wakefield for some time now, and we consistently experience a smooth and efficient partnership. What stands out is their exceptional organisation and communication skills. Getting access to properties is always seamless, keys are sorted promptly and the team always work for one another if someones out of the office. A special mention to Alannah, Jessica and Elisa who work especially hard to ensure a smooth experience for all involved in our electrical works. We look forward to continuing our working relationship! Thanks again guys, keep up the good work! Team @ CRE Electricians Chris 15/04/2025
Just completed upon my mum’s bungalow in Horbury Wakefield. This was a complex sale (Shared Ownership Scheme) involving Landlord, their Solicitors & Managing Agents working in conjunction with my Solicitors and the Purchasers Solicitors. It was extremely challenging and demanding but was successfully orchestrated and managed by their Senior Property Consultant Mandy Bennett based in their Ossett Agency. We fully recognise and appreciate this was only achieved through the hard work and persistence of Mandy supported by her fellow colleagues in the local area. We were always kept up to date at all stages and would highly recommend Richard Kendall’s Estate Agents. Steve 15/04/2025
From the outset it was a privilege to converse with Karen Marijewko. She made the whole process very straightforward. The Richard Kendall software system updating me regularly with viewings was extremely good. Overall a simple, clear and efficient process. Highly recommend this company and Karen. Mr Snow 15/04/2025
We would like to thank Catherine and Shireen for working so hard in our selling/buying. They were so knowledgeable, polite and extremely helpful. They gave us lots of support. All the other staff were helpful too, especially Margaret. Thank you so much. Kind regards, Sue and Keith. Sue 15/04/2025
Excellent service. Can't rate Leah enough at Ossett branch. She went above and beyond to get our completion through before the end March. Alan 15/04/2025
Richard Kendall Estate Agents guided us through a tough buyer’s market when other agents pushed us to drastically lower our property’s price. Despite our urgency to sell, they advised against a steep reduction, suggesting a modest drop instead. Their insight—that finding the right buyer takes time—proved spot-on. Within a week of the adjustment, a couple fell in love with our home and bought it, leaving us wondering if we’d undersold. Alison and the team were professional, communicative, and strategic—focused on value, not just a quick sale. Highly recommend! David 15/04/2025
A very good experience with Liz at Richard Kendals. She was always in touch either by email or phone call. I would highly recommend RK. For buying and selling. Thank you to Liz and everyone at RK. Excellent customer service. Christine 15/04/2025
Just want to give Alison Hopkinson 10/10 For helping me through my sale always ringing me letting me know about the progression of my sale thanks again Alison Antony 15/04/2025
Really helpful and friendly. Made sure i was kept up to date with all developments and helped everything go smoothly and quickly. Toni 15/04/2025

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