Stamp Duty

 

You could be saving thousands with the new stamp duty changes.

Following the Government announcement on 23rd September 2022, there is no Stamp Duty to pay on the first £250,000 when you buy a home.

Find out below how the new changes affect you.

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What is Stamp Duty?

Stamp Duty Land Tax (SDLT) is a property transaction tax that is to be paid on any property worth over £250,000. The great news is, as a first-time buyer you won't have to pay any stamp duty on a property up to the value of £425,000.

As a home buyer, you will be the ones paying stamp duty rather than the seller. How much stamp duty you will pay depends on which bracket your new home sits in. The more expensive the property, the more stamp duty you’ll pay.

For more information on stamp duty, visit the government’s website.

 

How much Stamp Duty will I pay?

You won't pay any stamp duty on a main residence up to £250,000, unless you’re a first-time buyer and then it’s up to £425,000!

Those purchasing an additional or buy-to-let property are required to pay an additional 3% surcharge on top of each stamp duty band.

You’re eligible if you and anyone else you’re buying with are first-time buyers. If the price is over £625,000, you’ll pay 5% on the portion up to £925,000, and 10% on anything over that.

Purchase price Stamp Duty %
Up to £250,000 0% (Zero)
£250,001 to £925,000 5%
£925,001 to £1,500,000 10%
Over £1,500,000 12%

Stamp Duty Calculator

Use our handy Stamp Duty Calculator to find out how much Stamp Duty you will need to pay when purchasing your new home.

Please choose an option

You will be required to pay:
£0
in stamp duty

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Deposit Unlock means that whether you're looking to make your first or next move, a dream Linden Home could be yours with just a 5% deposit.

Home Exchange

Stuck in a chain or have a home to sell? We could buy your current home when you buy one of ours with Home Exchange.

Smooth Move

Have a home to sell? We could help sell it for you, so you can buy one of ours with Smooth Move! We could even save you time and money.

Introduce a Friend

Deposit Unlock means that whether you're looking to make your first or next move, a dream Linden Home could be yours with just a 5% deposit.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.

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