Rated Excellent

on reviews.io

Storage World

Get a quote for your storage needs

Get A Quote

50% discount off first 8-weeks

Conveniently located nearby

Flexible terms available

20 different unit types available

Stamp Duty Holiday

From the 8th July 2020 the government increased the threshold for Stamp Duty tax temporarily from £125,000 to £500,000 in a move that has clearly boosted the Housing Market. The cost of Stamp Duty has often added significantly to a property purchase. In the short term the threshold increase could make purchases more attainable.

Stamp Duty Land Tax (SDLT) has been around for a long time – nearly 350-years! And is used by the government to raise revenues. The threshold has been at £125,000 for a little while now, however the increase will be significant as covers a large percentage of properties in England & Ireland (where the tax applies). This is reported to be as much as 90% of the transactions that take place. SDLT still applies for properties sold in the £500,000 + range.

By supporting the housing economy, the government hopes to provide it a meaningful boost, driven entirely by the financial and economical challenges of the global pandemic. Rishi Sunak estimated that the average saving a buyer would realise being somewhere around £4,500. However, there are still challenges and this move alone will not make everything else work.

Mortgages are based on risk and could be harder to obtain, specifically as lenders take a sterner view in times of economic hardship. The level of lending has changed too, lenders are looking for larger deposits. Especially from first-time buyers and those employed in sectors worst hit by the pandemic. This could quickly swallow up the tax saving.

Interest and demand in properties is high. With the likes of Rightmove & Zoopla reporting significant increases in search traffic. This has created “interest” and some sense the market is moving – beyond the levels of backlog activity. With the wider interest, prices are generally holding firm, but also evidence of gazumping – the term used when a new buyer outbids a buyer who believed they were undertaking an agreed purchase.

Self-Storage has proven to be in its highest demand when the economy is at its most uncertain. Key drivers being flexibility of the service. When things cannot be orderly, a flexible alternative is essential – this is certainly where businesses such as ours fit in. Customers can rent varying sizes of storage unit as best suit their needs – changing the units if these needs change. They can store their old stuff, the stuff they are moving or use the unit to store the new items for the new home (or a combination of all three)

Share:

Secure Storage Solutions

Clean, safe and secure storage solution at an affordable price, highly recommend this place, very close to the heart of manchester, easy access in and out. Big thanks to Tricia and her team for sorting out my storage needs, very knowledgeable, professional and more importantly friendly.
Highly recommended.

Marcus Wong

A Quick and Easy Process

Quick and easy to reserve and simple sign up process when I arrived. I had under estimated my load size and needed more space which the guys on site quickly arranged for me. Very helpful and friendly staff. A recommended company

Alex Jones

Same Day Move In

Fantastic experience. Needed storage quickly and the staff were on hand to help get everything sorted as fast as possible – was in the same day. They even helped to make sure I got the right size unit so I didn’t over pay – they could have sold me a far bigger one but wanted to make sure I got the best deal and was happy – that doesn’t happen very often! Well Done!

Ed Green-Moore

Extremely Helpful Staff

Extremely helpful staff, talked me through everything, gave me a tour of the facility, the sign up process was very straight forward, and most important excellent value for money.

John O'neill

Trolleys and Good Lighting

Great storage with lots of trolleys and good lighting. Lots of parking bays so it is easy to park close to the storage unit entrance. A friendly and helpful team (Anthony and Nick) that get back to you quickly by email or phone.

Tanya Grenade

100% Recommended

100% recommend Storage World. The storage lockers are well priced, secure and very clean. The facility is well set up to make loading and unloading very straight forward. Jeni on the desk was so increddibly helpful and went out of her way to make sure we were well set up and happy. Thanks very much to all at Storage World and particularly Jeni!

Tom Daubney

Business Self Storage

Can’t praise the guys enough, Tricia initially found me a unit over year ago and patiently kept me up to date on availability as I was unable to move my business as quickly as I’d hoped. All the staff are friendly and helpful. A safe and clean place to work.

Joanne Beswick