To move house now?

[Newmumtobe7654]

My husband and I have a property that we have a mortgage for. We have lived here for 2 years, it was £200,000 and we put down a 20% deposit. It is three bedrooms.
We were going to spend around £12,000 on a new kitchen this summer. We eventually wanted to move to a 4 bed house in around 5 years.
After the news today about the stamp duty it has made me think about potentially putting our house up for sale and using the £12,000 we were going to spend on the kitchen towards a deposit. We would be looking to buy a 4 bed for around £350,000.
Would it be silly to try and move now given the current circumstances? Or would it be a good idea as we would be saving potentially £7,500 on stamp duty?
Our income is about £3500 per month and we do not have any other debt.

I think you should go for it!
Take advantage of the break in stamp duty.
If it's meant to be then it will all work out for the best.
If you don't get an offer you like then you don't have to accept. You can always post pone the kitchen and if you don't move still go ahead with your current plans.

I would go for it too!

Ahh so many decisions!! Thank you both!

Very wise decision. Start tidying the house!

We're exactly the same and I think we're going to go for it. Our plan was to move from our current 3 bed to a 4 bed in a couple of years once children are out of nursery, with the stamp duty freeze we're now thinking about taking the money we'd have spent on stamp duty and putting that towards the excess mortgage payment on a bigger house until our childcare bill drops. I'm a little nervous around Brexit and what may happen to house prices so I probably wouldn't move unless we saw ourselves staying in the new house for the long term.

£12000 is a lot to spend on a kitchen in a house you aren’t planning to stay in. I would move and start to pay off the bigger mortgage so you can be mortgage free sooner.

Very sensible.

@Undervaluedandsad this is my thought too, if the larger mortgage is manageable it's probably better to start paying that off on a larger asset as soon as possible, if you were planning on moving anyway in the short to medium term.

How secure are your jobs? Would the increased mortgage still be manageable?

@milienhaus we are both teachers. I am due to go up the pay scale every year for the next three years, and by then I hope to get an extra responsibility. My husband is currently head of department so would like to progress too (but not in the next few years).
We usually have about £900 going into savings every month, but if we move we will only have about £300 in our savings every month.