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.

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.

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

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Stamp Duty

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

What is Stamp Duty?

How much Stamp Duty will I pay?

Stamp Duty Calculator

Start your search today

More ways we can help you move

Deposit Unlock

Home Exchange

Smooth Move

Introduce a Friend

Deposit Unlock

Home Exchange

Smooth Move

Introduce a Friend

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