Stamp Duty

Whether you’re a first time buyer, moving up the ladder or buying an additional property let us help you understand the new Stamp Duty rates.

What is stamp duty?

Stamp Duty Land Tax (SDLT) is a property transaction tax that is to be paid on any property worth over £125,000. 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 £300,000.

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.

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.

You won't pay any stamp duty on a main residence up to £125,000, unless you’re a first-time buyer and then it’s up to £300,000!

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

Property or lease premium or transfer value	SDLT rate
Up to £125,000	Zero
The next £125,000 (the portion from £125,001 to £250,000)	2%
The next £675,000 (the portion from £250,001 to £925,000)	5%
The next £575,000 (the portion from £925,001 to £1.5 million)	10%
The remaining amount (the portion above £1.5 million)	12%

First-time buyers can still benefit from a reduction after 1 October 2021. This means you’ll pay:

No stamp duty up to £300,000
5% stamp duty on the portion from £300,001 to £500,000

You’re eligible if you and anyone else you’re buying with are first-time buyers. If the price is over £500,000, you’ll pay 5% on the portion up to £925,000, and 10% on anything over that.

Please choose an option

Submit

I’m buying my next home

I’m a first time buyer

I’m buying a second home / buy to let

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

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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.

Stamp Duty

Stamp Duty

What is stamp duty?

Stamp Duty Calculator

More ways we can help you move

Help to Buy

Help to Buy London

Home Exchange

Smooth Move

Introduce a Friend

Help to Buy

Help to Buy London

Home Exchange

Smooth Move

Introduce a Friend

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