Whether you're a first-time buyer or a long-term homeowner looking to downsize, the one expense that can often be overlooked when buying a new home is stamp duty. New stamp duty rates came into effect from 1st April 2025. We've got you covered with all of the latest information, including what these new rates mean for first-time buyers.
If you have any questions about how much stamp duty you are required to pay, our sales advisors are happy to discuss this with you.
Example price of home | Stamp duty to be paid by non first-time buyers* | Stamp duty to be paid by first-time buyers* |
£120,000 | £0 | £0 |
£200,000 | £1,500 | £0 |
£500,000 | £15,000 | £10,000 |
£900,000 | £35,000 | £35,000 |
*Rates are indicative only. The exact amount of stamp duty payable will be calculated at the point of sale.
Stamp duty is the tax that the Government charge on buying a new home in England and Northern Ireland and is paid on completion of your purchase.
First-time buyers pay no stamp duty on properties up to £300,000. Further relief is available for purchases up to £500,000. Any purchases above £500,000 will attract normal stamp duty rates on the whole purchase price.
If you are a non-first time buyer and buy a house which is worth between £125,000 and £250,000 you will pay 2% stamp duty. For homes worth between £250,001 to £925,000, you will pay 5% stamp duty.
Please speak to a sales advisor for more information on what stamp duty costs would be for you.
From October 31st 2024, the surcharge was increased from 3% to 5% for anyone purchasing an additional property. Additional property types include buy to let investments and second homes.
The surcharge is applied on top of the normal stamp duty land tax rate. Full rates, exemptions and more examples can be found here:
